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Tivic Health Establishes Halal Compliance for ClearUP, FDA-Approved, Effective, Drug-Free Alternative for Sinus Pain, Pressure, and Congestion

Tivic Health Establishes Halal Compliance for ClearUP, FDA-Approved, Effective, Drug-Free Alternative for Sinus Pain, Pressure, and Congestion

SAN FRANCISCO–(BUSINESS WIRE)–Tivic Health® Systems, Inc. (“Tivic”, Nasdaq: TIVC), a health tech company that develops and commercializes bioelectronic medicine, today announced that the Company has completed a full internal assessment of its supply chain and has established that its ClearUP product is Halal compliant.

Of all the industries the American Halal Foundation (AHF) serves, there is probably none more critical than the pharmaceutical and supplement industry. From both a practical and principles perspective, the pharmaceutical and supplement industry is critically important to AHF. 1

There is currently a large asymmetry between the supply and demand for Halal pharmaceuticals. Although nearly 1 in every 4 consumers globally adheres to Halal, less than 5% of all pharmaceutical drugs are Halal compliant. 2 As a result, such consumers are often left with very limited options to address their health concerns.

American Halal Foundation indicates that 24% of the global population adheres to Halal and that Halal compliance is the number one influence on a Muslim consumer’s purchasing decision.3 The global Muslim population is a diverse and dynamic group that is spread across the world. As of 2023, it is estimated that there are over 2.01 billion Muslims in the world, making Islam the second-largest religion after Christianity. 4

“Today’s pharmaceuticals for pain and inflammation management lag behind consumer demand for Halal products,” said Jennifer Ernst, CEO of Tivic. “Bioelectronic medicine is a growing market that delivers effective, drug-free alternatives to pharmaceuticals and Tivic is leading the way to deliver solutions to meet the needs of all of our consumers.”

ClearUP’s non-invasive and targeted approach to the treatment of inflammatory chronic health conditions gives consumers a drug-free, ingestion-free, Halal-compliant therapeutic solution. Tivic has verified that its manufacturing and regulatory processes apply the principles of good hygiene practices and are in compliance with the rules of Islamic law. Specifically, Tivic has self-assessed full compliance with Halal requirements and has verified that all the products, product derivatives, components, packaging, and processes in its supply chain meet Halal standards of compliance.

1. https://halalfoundation.org/insights/halal-pharmaceuticals-and-supplements-certification/

2. https://halalfoundation.org/insights/halal-pharmaceuticals-and-supplements-certification/

3. https://halalfoundation.org/

4. https://timesprayer.com/en/muslim-population/

About Tivic

Tivic is a commercial health tech company advancing the field of bioelectronic medicine. Tivic’s patented technology platform leverages stimulation on the trigeminal, sympathetic, and vagus nerve structures. Tivic’s non-invasive and targeted approach to the treatment of inflammatory chronic health conditions gives consumers and providers drug-free therapeutic solutions with high safety profiles, low risk, and broad applications. Tivic’s first commercial product ClearUP is an FDA approved, award-winning, handheld bioelectronic sinus device. ClearUP is clinically proven, doctor-recommended, and is available through online retailers and commercial distributors. For more information visit http://tivichealth.com @TivicHealth

Forward-Looking Statements

This press release may contain “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Tivic Health Systems, Inc.’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate.Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the company’s financial condition; the company’s ability to raise additional capital, if and when necessary; the issuance of the new patent by the USPTO; clinical trial results for the company’s product candidates; Tivic’s determinations regarding Halal compliance have not been confirmed by an independent third party; Halal certification has not been obtained by Tivic for its ClearUp product; market and other conditions; supply chain constraints; macroeconomic factors, including inflation; and unexpected costs, charges or expenses that reduce Tivic’s capital resources. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Tivic’s actual results to differ from those contained in the forward-looking statements, see Tivic’s filings with the SEC, including, its Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 31, 2023, under the heading “Risk Factors”; as well as the company’s subsequent filings with the SEC. Forward-looking statements contained in this press release are made as of this date, and Tivic Health Systems, Inc. undertakes no duty to update such information except as required by applicable law.

Media Contact:

Kayleigh Westerfield

949-632-3439

[email protected]

Investor Contact:

Hanover International, Inc.

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Health Consumer Arab American Health Technology Pharmaceutical Biotechnology

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JetBlue Launches New TrueBlue Loyalty Program Today, Offering More Paths to Perks and Mosaic Status

JetBlue Launches New TrueBlue Loyalty Program Today, Offering More Paths to Perks and Mosaic Status

Program Delivers More Value to Customers Across JetBlue’s Entire Suite of Travel Products and Partnerships

Customers Will Earn Perks Sooner Than Ever Before and TrueBlue Mosaic® Expands with Multiple, New Levels

NEW YORK–(BUSINESS WIRE)–
JetBlue (Nasdaq: JBLU) today launched the new TrueBlue® loyalty program, offering members more value with the introduction of tiles, Perks You Pick™, expanded levels of Mosaic and more ways to earn perks and status than ever before. The program, announced last year, builds on TrueBlue’s award-winning features that customers have come to love while expanding to offer members new opportunities to earn perks and status whether in the air or on the ground. With this reimagined loyalty program, JetBlue has set the bar sky-high as a travel brand with new industry-leading rewards for more customers to earn and enjoy.

“As JetBlue grows, we maintain our commitment to delivering innovative programs and products that provide our customers withgreat service and low fares, which is why we are thrilled to launch the new TrueBlue loyalty program,” said Jayne O’Brien, head of marketing and loyalty, JetBlue. “The new TrueBlue comes at the perfect time as we prepare not only to become a bigger JetBlue, but a travel partner that brightens all aspects of the journey by offering our customers more choices, perks and ways to earn rewards.”

“JetBlue is continuing our legacy of disrupting travel for the better with unique, customer-first programs such as the new TrueBlue,” said Christopher Buckner, vice president of loyalty and partnerships, JetBlue. “The new TrueBlue redefines what it means to be a loyalty program by offering new and exciting perks to more customers, as well as providing more ways to attain perks and status.”

“We’re excited that our travel sites Paisly.com and JetBlue Vacations are fully integrated into the new TrueBlue so that members can rack up rewards along their journey—when booking flights and beyond,” said Andres Barry, president, JetBlue Travel Products. “Moving forward, when a customer books a car rental or activity on Paisly, or a flight + cruise or hotel package with JetBlue Vacations, they will earn TrueBlue points towards their next trip and earn tiles to get them closer to one of their next Perks You Pick.”

Earn Tiles to Build Your Mosaic, Your Way

Tiles are the new way for TrueBlue members to track progress toward Mosaic status while also unlocking valuable perks along the way. With the introduction of tiles, TrueBlue members can turn road trip rentals into an inflight rosé, or that dream vacation into Mosaic status.

One tile is awarded for every $100 in qualifying purchases¹ on JetBlue, JetBlue Vacations®, Paisly® by JetBlue, many JetBlue extras and fees and American Airlines flights. Additionally, one tile is awarded for every $1,000 in eligible spend¹ on all JetBlue credit cards. The more ways customers interact with JetBlue, the more perks they can earn.

More Perks for More Customers

Understanding that no two travelers are alike, the new TrueBlue gives customers the ability to choose the rewards that are most valuable to them. For the first time ever, TrueBlue members will be able to customize their experience with Perks You Pick from a new menu of rewards after reaching only 10 tiles.

For every 10 tiles TrueBlue members earn (until reaching Mosaic status at 50 tiles), they can choose a new perk, including:

  • Early Boarding.

    • Get settled sooner with Group B boarding (excluding Blue Basic fares).

  • Priority Security.

    • Access an expedited lane to security at dozens of airports.2
  • Alcoholic Drink.

    • First beer, wine or liquor is free each flight (21+).

  • JetBlue Vacations Bonus.

    • 2X points bonus on a JetBlue Vacations package (one-time use).3
  • 5,000-Point Bonus.

    • Boost your TrueBlue balance with 5,000 bonus points.

These perks will allow even occasional travelers to enjoy an elevated experience when flying on JetBlue. TrueBlue members can track their tiles on their TrueBlue dashboard starting today, with members receiving tiles for spend from the start of 2023. Any member eligible for Perks You Pick based on their 2023 tile count will have the opportunity to immediately select as many perks as they’re eligible for.

Once a customer earns 50 tiles, they will reach Mosaic 1 status, automatically receive all TrueBlue Perks You Pick and benefit even more from new Mosaic levels and Mosaic Perks You Pick4.

Take Mosaic to the Next Level

Whether they fly it, buy it or drive it, TrueBlue members need only collect 50 tiles to unlock Mosaic—a milestone that’s within reach for more customers whether they’re booking flights, family vacations, or your favorite all-inclusive getaways. The new and expanded Mosaic now contains four levels, each offering Mosaic Signature Perks to enjoy:

  • Mosaic 1 – 50 tiles:

    • First Two Checked Bags Free.

    • Beer, Wine & Liquor.

    • Even More® Space at Check-In.

    • Same-Day Switches.

    • Mosaic Boarding.

    • Priority Security.

    • Dedicated Check-In.

    • Dedicated Support Line and Priority Chat Assistance.

    • Heathrow Express Upgrade.

  • Mosaic 2 – 100 tiles: Even More Space at Booking

    • Up to 7” more legroom at no extra charge during booking on every JetBlue-operated flight (pending availability).

  • Mosaic 3 – 150 tiles: Move to Mint

    • Four certificates that let you book in Core, then move to Mint® at no extra charge (pending availability).

    • Transatlantic routes require 2 certificates, per person, per segment, while all other routes require 1 certificate per person, per segment, to move to Mint.

  • Mosaic 4 – 250 tiles: Move to Mint Again + BLADE Airport Transfers

    • Two more certificates that let you book in Core, then move to Mint at no extra charge (pending availability).

    • Credits for 4 one-way BLADE Airport helicopter transfers between Manhattan and JFK or EWR.

Additionally, each time a member qualifies for a new level of Mosaic, they’ll be able to select one new perk from the Mosaic Perks You Pick menu, including:

  • FoundersCard Blue Membership

    • Enjoy 150+ premium travel, business, and lifestyle benefits—created exclusively for Mosaic members.

  • Pet Fee Waiver

    • Jet with your pet (cat or small dog) on all eligible JetBlue-operated flights at no extra charge ($125 value per flight).

  • $99 Statement Credit on Select JetBlue Cards

    • One-time $99 statement credit for JetBlue Plus or Business Card.5
  • 20-Tile Bonus

    • Get or gift a 20-tile boost to get to the next level—and more perks—faster.

  • 15,000-Point Bonus

    • Boost your TrueBlue balance with 15,000 bonus points.

  • Mint Suite Priority

    • Priority access to Mint Suite selection on select aircraft (pending availability). Excludes Mint Studio®.

Scoring TrueBlue Points

While tiles will track progress towards status and perks, TrueBlue members will continue to earn points that can be redeemed for award travel and Cash + Points bookings. From taking trips to taking surveys, al fresco brunches to everyday purchases, it’s easy to rack up TrueBlue points. And since there are no blackout or expiration dates, it’s just as easy to use them (or share them to friends and family members with Points Pooling).

All TrueBlue members also have an opportunity to boost their points balances with Perks You Pick. A 2x points bonus on JetBlue Vacations (one-time use only) and the 5,000-Point Bonus are available as two of the TrueBlue Perks You Pick while Mosaic members can select the 15,000-Point Bonus as one of their perks.

About JetBlue

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada and United Kingdom. For more information and the best fares, visit jetblue.com.

1. Qualifying travel spend excludes government taxes and fees and travel insurance. All net purchases are qualifying credit card spend. See TrueBlue Terms & Conditions and applicable cardmember agreement.

2. May not be available at all airports, for additional information please visit: https://www.jetblue.com/flying-with-us/even-more-space

3. Members selecting the JetBlue Vacations Bonus perk will earn this benefit on the 6 TrueBlue points per eligible dollar spent on airfare and 1 TrueBlue point per eligible dollar spent on hotels, car rentals, cruises, and transfers calculated based on the member’s individual proportionate share, as determined by JetBlue, of a JetBlue Vacations package booking; members selecting this perk will not earn the bonus on any other individual travelers’ portions of the booking. Points bonus does not apply to the Mosaic bonus, any credit card bonus, or any additional bundled points or promotional points. See terms and conditions.

4. Any TrueBlue Perks You Pick that are not selected by the member as they accumulate tiles will automatically be granted upon reaching any level of Mosaic status, but the 5,000 bonus points and the JetBlue Vacations Bonus will not be available to Mosaics who earned status in 2022 for 2023. If a Mosaic qualifies for 2024 and beyond, they are eligible to receive these perks.

5. The $99 Statement Credit on Select JetBlue Cards is available to Barclays JetBlue Plus World Elite Mastercard® and JetBlue Business Mastercard® cardmembers only. You will be eligible to select this perk after reaching Mosaic 1 status. The perk can only be redeemed once per Mosaic qualifying year. If you switch products from Barclays JetBlue Plus Card to the Barclays JetBlue Card, you will no longer be eligible for this perk. The statement credit will appear 2-4 weeks after you select the perk. Your Card Account will not be eligible to receive the statement credit if it is closed or in default under your Cardmember Agreement at the time of fulfillment. Statement credits reduce your Card Account balance but cannot be applied toward any minimum payment requirement and are otherwise subject to the terms and conditions applicable to your Card Account.

JetBlue Corporate Communications

Tel: +1.718.709.3089

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Transportation Air Transport Travel

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Macquarie Global Infrastructure Total Return Fund Inc.

Macquarie Global Infrastructure Total Return Fund Inc.

CUSIP #: 55608D101

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

NEW YORK–(BUSINESS WIRE)–
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the “Fund”), a closed-end fund, paid a monthly distribution on its common stock of $0.13 per share to shareholders of record at the close of business on November 18, 2022.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:

 

 

 

Per Share ($)

 

 

%

Net Investment Income

0.0433

 

 

33.31%

Net Realized Short-Term Capital Gain

0.0000

 

 

0.00%

Net Realized Long-Term Capital Gain

0.0867

 

 

66.69%

Return of Capital or other Capital Source

0.0000

 

 

0.00%

Total (per common share)

0.1300

 

 

100.00%

 

 

 

 

 

Fiscal Year-to-Date Cumulative

 

 

 

 

Distributions from:

 

 

 

 

 

Per Share ($)

 

 

%

Net Investment Income

0.5998

 

 

38.15%

Net Realized Short-Term Capital Gain

0.4024

 

 

25.60%

Net Realized Long-Term Capital Gain

0.5698

 

 

36.25%

Return of Capital or other Capital Source

0.0000

 

 

0.00%

Total (per common share)

1.5720

 

 

100.00%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Presented below are return figures, based on the change in the Fund’s Net Asset Value per share (“NAV”), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fund Performance & Distribution Information

Fiscal Year to Date (12/01/2021 through 10/31/2022)

Annualized Distribution Rate as a Percentage of NAV^

6.15%

Cumulative Distribution Rate on NAV^^

6.20%

Cumulative Total Return on NAV*

4.21%

 

 

Average Annual Total Return on NAV for the 5 Year Period Ending 10/31/2022**

4.37%

 

 

^ Based on the Fund’s NAV as of October 31, 2022.

^^ Cumulative distribution rate is the cumulative amount of distributions paid during the Fund’s fiscal year ending November 30, 2022 based on the Fund’s NAV as of October 31, 2022.

*Cumulative total return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period December 1, 2021 through October 31, 2022.

**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.

The payment of dividend distributions in accordance with the distribution policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expenses and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The distribution policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. The Board of Directors has the right to amend, suspend or terminate the distribution policy at any time. The amendment, suspension or termination of the distribution policy may affect the Fund’s market price per share. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

While the NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

Furthermore, the Board of Directors reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

The Fund is not intended to be a complete investment program. An investment in the Fund involves risks, and the Fund may or may not be able to achieve its investment objective for a variety of reasons. The following summarizes some of the Fund’s risks but does not purport to be a complete listing of all of the risks. Investors should carefully review the Fund’s Prospectus and consult their own advisers.

The Fund is also subject to risk because it is an actively managed portfolio. Industry Concentration and Infrastructure Industry Risk. The Fund will be concentrated in the infrastructure industry, and will be more susceptible to adverse economic or regulatory occurrences affecting that industry than a fund that is not concentrated in a specific industry. Non-U.S. Investment Risk. A majority of the Fund’s investments will be in non-U.S. issuers and a substantial portion of the trades executed for the Fund will take place on foreign exchanges. Investments in securities and instruments of non-U.S. issuers involve certain considerations and risks not ordinarily associated with investments in those of U.S. issuers. Emerging Markets Risk. In addition to non-US investment risk, investments in emerging markets may expose the Fund to heightened risks that may be more volatile than investments in developed markets. Use of Derivatives and Hedging. The Fund may use derivatives and employ a variety of hedging techniques. Derivatives can be illiquid, may disproportionately increase losses and may have a potentially large impact on the Fund’s performance. Certain of the investment techniques that the Fund may employ for hedging or to increase income or total return will expose the Fund to additional risks. Leverage Risk. The Fund expects to employ leverage as part of its investing strategy. The use of leverage will increase the volatility of the Fund and increase risk to investors. Any difficulty in maintaining the Fund’s leverage could cause a diversion of cash flow and/or require liquidation of some portion of the Fund’s portfolio. Restrictions imposed as a result of any leverage may directly or indirectly inhibit the Fund’s ability to take actions that otherwise may be taken in an unleveraged portfolio of similar assets.

Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

Investor/Broker Inquiries

Tel: 866 567-4771

E-mail: [email protected]

Web: www.macquarieim.com/mgu

Media Inquiries

Lee Lubarsky

347 302-3000

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Other Professional Services Professional Services Finance

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Calix Will Rapidly Expand Talent at India Development Center To Accelerate Innovation of Cloud and Software Platforms for Broadband Service Providers

Calix Will Rapidly Expand Talent at India Development Center To Accelerate Innovation of Cloud and Software Platforms for Broadband Service Providers

Calix, the market leader in cloud and software platforms for broadband service providers, will expand its global research and development teams to enable service providers of any size to simplify their businesses, excite their subscribers, and grow their value

SAN JOSE, Calif. & BANGALURU, India–(BUSINESS WIRE)–Calix, Inc. (NYSE: CALX) announced it is launching a recruitment drive to expand its research and development (R&D) staffing in India, starting immediately. Calix President and Chief Executive Officer Michael Weening made the announcement to attendees at the Broadband Tech Day 2022 conference held at the Radisson Blu hotel in Bangaluru on November 3. Calix launched its 21,000-square-foot Calix India Development Center (CIDC) in Bangaluru in May 2022 to expand R&D, commercial operations, and marketing to support the next phase of the company’s accelerating growth. The CIDC R&D teams have exceeded expectations for advancing innovation behind the company’s industry-leading platforms and solutions. This includes the Calix Cloud® platform, which enables broadband service providers (BSPs) to leverage real-time data, analytics, and automation to grow value for themselves and their communities. The success of the CIDC is a testament to the award-winning Calix culture that continues to attract top talent.

As Calix maintains a rapid growth trajectory, it continually evolves its award-winning culture, which is founded on:

  • Award-winning technological innovation and a focus on customer success. Calix cloud and software platforms, developed through extensive R&D, deliver unparalleled solutions that allow even the smallest BSP to innovate and transform. Industry-leading Revenue EDGE™, Intelligent Access EDGE™, and Calix Cloud® platforms—combined with Customer Success Services—enable BSPs to transform and grow value in their communities while lowering operating expense (OPEX) and increasing revenue. With Calix platforms and a growing portfolio of managed services, even the smallest service provider can become giants for the subscribers they serve.
  • An award-winning “Best Place to Work” that employees highly recommend. In 2022, Calix received numerous accolades for its culture. Calix swept the awards for “Best Company Outlook,” “Best Engineering Team,” “Best Global Culture,” and “Best Place to Work in the Bay Area” from Comparably, one of the leading culture and compensation monitoring sites in the United States. Since 2020, Calix has won 21 Comparably awards and has an A+ Culture Score. In January, Calix ranked #12 out of the top 50 U.S. small and medium businesses on Glassdoor’s annual “Employee Choice Awards.” In addition, Calix earned a spot on Fortune’s list of “Best Workplaces for Millennials.” The CIDC was certified as a Great Place to Work in 2022 by the Great Place to Work® Institute. All awards are based entirely on employee feedback.
  • A flexible hybrid and collaborative work culture that attracts top talent. Calix has a longstanding commitment to a flexible working environment. This allows CIDC teams to embrace a hybrid working model. The CIDC’s flexible hybrid culture is part of why Calix was recognized for its “Best Global Culture.” Calix also invests in technology that enables teams to remotely collaborate on developing new products and services.

“Our global Calix team has grown 38 percent over the past year and will grow at an even faster pace in 2023 as we enter the Ecosystem and Partner phase of Calix’s growth journey,” said Michael Weening, president and chief executive officer of Calix. “We are deeply invested in continuously innovating our transformative platforms and systems for broadband businesses’ success, and central to that is our culture and people. We built the CIDC in ‘India’s Silicon Valley’ to attract the very best and the brightest engineering talent in India. That’s what we’ve done and will continue to do. Calix is in the top ranks of U.S. companies with the brightest long-term outlook for success, culture, and world-class engineering. Each of our employees contributes to making Calix a better place to work through a ‘better, better, never best’ mindset. This success is just the beginning.”

Calix recently completed the biggest hiring quarter in the company’s history and will dramatically expand its India workforce throughout 2023. Visit Calix Careers India to learn how to join the award-winning Calix team.

About Calix

Calix, Inc. (NYSE: CALX)—Calix cloud and software platforms enable service providers of all types and sizes to innovate and transform. Our customers utilize the real-time data and insights from Calix platforms to simplify their businesses and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty, and revenue creates more value for their businesses and communities. This is the Calix mission: To enable broadband service providers of all sizes to simplify, excite, and grow.

This press release contains forward-looking statements that are based upon management’s current expectations and are inherently uncertain. Forward-looking statements are based upon information available to us as of the date of this release, and we assume no obligation to revise or update any such forward-looking statement to reflect any event or circumstance after the date of this release, except as required by law. Actual results and the timing of events could differ materially from current expectations based on risks and uncertainties affecting Calix’s business. The reader is cautioned not to rely on the forward-looking statements contained in this press release. Additional information on potential factors that could affect Calix’s results and other risks and uncertainties are detailed in its quarterly reports on Form 10-Q and Annual Report on Form 10-K filed with the SEC and available at www.sec.gov.

Press Inquiries:

Zachariah Jacob

[email protected]

Investor Inquiries:

Jim Fanucchi

[email protected]

KEYWORDS: California United States India North America Asia Pacific

INDUSTRY KEYWORDS: Data Management Technology Telecommunications Software Networks Internet Hardware

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St. Petersburg-Based BayFirst National Bank Welcomes NJ-Based Fintech Leader as Director of Digital Bank Strategy

Michael Yang to Enhance Bank’s Digital Strategy and Spearhead Fintech Collaboration

ST. PETERSBURG, Fla., Nov. 15, 2022 (GLOBE NEWSWIRE) — As part of its ongoing commitment to improving its delivery of both new and traditional financial products and services to individuals and businesses, St. Petersburg-based BayFirst National Bank – the wholly-owned subsidiary of BayFirst Financial Corp. (Nasdaq: BAFN) – has hired NJ-based Fintech leader Michael Yang as director of digital bank strategy. In his new role, Michael will work closely with the bank’s technology team to implement key components of its strategic plan, which include further streamlining the Bank’s operational capabilities, enhancing its digital/mobile delivery of current services, and developing fintech partnerships to drive revenue to current retail and commercial lending divisions.

His specific responsibilities include developing and deploying BayFirst’s technology infrastructure to expand its Fintech products and extend banking services to small businesses, Fintech and other partners looking to provide digital lending services, account management, and payment services to their customers.

Michael previously led strategy across all fintech banking products – including payments, Banking-as-a-Service and SMB Loans – as senior relationship manager at Cross River Bank in New Jersey. His accomplishments include leading the team of relationship managers for marketplace lending and various fintech products and managing top-tier program partners such as Affirm, Rocket Loans and Upstart. Michael’s relationship oversight included strategic planning, product development and launching fintech partners in addition to operational oversight of loan processing, accounting, and data management.

He also previously served as director of deal origination as an early team member at Fundera, (acquired by NerdWallet), an early-stage, high-growth startup, where he generated $1.5 million in revenue through the origination of small business loans, drove business growth opportunities, and developed internal credit and sales programs. Most recently, he served as director of partnerships and operations at mental health startup, Another Wellness Company, in New York where he was responsible for leading partnership opportunities and managing business development and sales strategy.

“Michael has proven experience developing strategic Fintech partnerships and has a deep understanding of the evolving landscape of banking, which will significantly benefit not only BayFirst as a whole but also the customers we support,” said BayFirst SVP, Director of Strategy and Innovation Matthew Nicolosi. “As digital continues to transform our sector, we trust Michael will help develop the innovation and partnerships we need to remain at the forefront, and we look forward to seeing what we can build together to improve the BayFirst banking experience both locally and nationwide.”

“The addition of Michael to our growing team is just the latest in a series of moves designed to further advance BayFirst as a tech-driven organization,” added BayFirst CEO Anthony N. Leo. “At a time when community banks must implement technology to compete in a digital-first era, expanding our team and enhancing our strategy will prove critical to our corporate goals, and we look forward to seeing Michael play a fundamental role in our long-term success.”

Michael holds Bachelor of Science degree in Business Administration, Finance from Carnegie Mellon University, from where he graduated with honors.

“As I pursued career opportunities with banks that were positioned to capitalize on the future of fintech, I focused on finding an institution committed to two important goals: excelling in small businesses lending and investing in a long-term vision of fintech growth,” stated Yang. “As a top 10 SBA lender nationwide with an executive team that understands the importance of this investment, it was an easy decision to become a part of what’s next at BayFirst.”

About BayFirst National Bank

Headquartered in St. Petersburg, BayFirst National Bank, the principal subsidiary of BayFirst Financial Corp. (NASDAQ: BAFN), operates eight banking centers in the Tampa Bay area and originates residential mortgages locally. In addition, BayFirst offers a broad range of retail and business banking services, including small business loans through its SBA loan division, CreditBench, and is one of the top producing SBA lenders in the country. Since it opened in 1999, BayFirst has grown exponentially without losing sight of its commitment to making an impact in the community and being Here for What’s Next® in the lives of its customers. For more information visit: www.BayFirstFinancial.com. 

About BayFirst Financial Corp.

BayFirst Financial Corp. is a registered bank holding company which commenced operations on September 1, 2000. Its primary source of income is from its wholly owned subsidiary, BayFirst National Bank (f/k/a First Home Bank), which commenced business operations on February 12, 1999. BayFirst National Bank is a national banking association. The Bank currently operates eight full-service office locations and was in the top 8 by dollar volume and number of units originated nationwide through the fourth quarter ended September 30, 2022, of SBA’s 2022 fiscal year. In the five-county Tampa Bay market, BayFirst was proud to rank number one by both dollar volume and number of units originated during the same period.

BayFirst Financial Corp., through the Bank, offers a broad range of commercial and consumer banking services including various types of deposit accounts and loans for businesses and individuals. As of September 30, 2022, BayFirst Financial Corp. had $930.3 million in total assets.

Forward Looking Statements

In addition to the historical information contained herein, this presentation includes “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. These statements are subject to many risks and uncertainties, including, but not limited to, the effects of the COVID-19 pandemic, global military hostilities, or climate change, including their effects on the economic environment, our customers and our operations, as well as any changes to federal, state or local government laws, regulations or orders in connection with them; the ability of the Company to implement its strategy and expand its banking operations; changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; risks related to mergers and acquisitions; changes in benchmark interest rates used to price loans and deposits, changes in tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the SEC, including, but not limited to those “Risk Factors” described in our most recent Form 10-K and Form 10-Q. Readers should note that the forward-looking statements included herein are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements.

Media Contact:

Megan Brewster
AVP, PR at BayFirst
(617) 285-0771
[email protected] 



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Tetra Tech Appoints Christiana Obiaya as New Board Member

Tetra Tech Appoints Christiana Obiaya as New Board Member

PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, sustainable infrastructure, and renewable energy, announced today that the Board of Directors has appointed Christiana Obiaya as its newest Board Member. Ms. Obiaya joins the Board effective January 2, 2023, and will serve on the Audit and Strategic Planning and Enterprise Risk Committees.

Ms. Obiaya brings to Tetra Tech’s Board approximately 20 years of experience in strategy, finance, and project management focused on energy and infrastructure development and sustainable technologies. She is Chief Financial Officer of Heliogen, a renewable energy technology company that uses AI-enabled solar technology to support the clean energy transition. She also serves as Head of Heliogen’s Executive Committee.

From 2017 to 2021, Ms. Obiaya served as Chief Financial Officer and head of strategy for Bechtel’s multi-billion-dollar, global Energy business unit. She also held various leadership roles at Bechtel in finance, strategy, and project development, investment, and execution from 2010 to 2017. Prior to joining Bechtel, Ms. Obiaya worked on renewable energy projects supporting energy access for rural communities in Kenya and India from 2008 to 2009. She began her career as an engineer at a multinational consumer goods company from 2004 to 2008, designing products and scaling up manufacturing processes.

“Tetra Tech is pleased to welcome Ms. Obiaya, who brings extraordinary experience in finance, strategy, and renewable energy project development,” said Dan Batrack, Tetra Tech Chairman and CEO. “Her combined expertise affords her unique insight into the critical role of our project managers and technical experts in creating technology-enabled solutions that support our clients’ long-term sustainability and decarbonization goals.”

Ms. Obiaya holds a Master of Business Administration and a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex water, environment, sustainable infrastructure, renewable energy, and international development problems. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical facts are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Consulting Manufacturing Professional Services Other Natural Resources Utilities Natural Resources Alternative Energy Environment Energy Engineering Sustainability

MEDIA:

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Elbit Systems UK Awarded a Follow-on $19 Million Contract to Supply Night Vision Goggles to the British Army

PR Newswire


HAIFA, Israel
, Nov. 10, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that its subsidiary Elbit Systems UK Ltd. (“Elbit Systems UK”) was awarded a follow-on contract valued at approximately $19 million (approximately £17 million) to supply Night Vision Goggles (NVG) and through-life support to the British Army. The contract will be executed over a 18-month period.

Under the contract, Elbit Systems UK will supply the lightweight micro binocular XACT nv33 NVGs in a helmet-mounted configuration. XACT nv33 NVG are designed to enable troops to operate effectively in low-light conditions at a tactical level, maximizing their mission efficiency in both dismounted and mounted roles. Products from the XACT family are already in operational use with a number of NATO members including the Netherlands and Germany.


Martin Fausset, CEO of Elbit Systems UK, said: “This contract award follows the successful and rapid delivery of our night vision goggles to the British military, and builds on our track record of efficiency, our domestic manufacturing capabilities and our proven and cutting-edge equipment.”

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contacts:


Joseph Gaspar
, Senior EVP – Business Management 
Tel:  +972-77-2948661 
[email protected]


Yaacov (Kobi) Kagan
, EVP & Chief Financial Officer 
Tel:  +972-77-2946663 
[email protected]


Rami Myerson,
Director, Investor Relations 
Tel: +972-77-2948984 
[email protected]

David Vaaknin, VP, Head of Corporate Communications 
Tel: +972-77-2946691 
[email protected]

IR Contact:

Ehud Helft 

Kenny Green 

EK Global IR  
Tel: 1-212-378-8040 
[email protected]

 

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business.  Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings.  The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Cision View original content:https://www.prnewswire.com/news-releases/elbit-systems-uk-awarded-a-follow-on-19-million-contract-to-supply-night-vision-goggles-to-the-british-army-301674000.html

SOURCE Elbit Systems Ltd

Posted on

The Valen Company Expands Cannabis Distribution

The Valen Company Expands Cannabis Distribution

PR Newswire

Valen’s distribution network now includes five Canadian provinces with additional expansion expected in the short-term

KELOWNA, BC, April 7, 2021 / – The Valen Company Inc. (the “Company,” “The Valen Company” or “Valen”),a leading manufacturer of cannabis products, today announced that it has entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Province of Manitoba. With this agreement, Valen expands its distribution network to five provinces in the country.

“Expanding our domestic distribution capabilities is one of our top strategic initiatives to drive growth this year and beyond,” said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valen Company. “Our entry into the Manitoba market takes us a step further toward capturing larger market share and bringing the Valen advantage to consumers in a new province, enabling greater access to our high-quality products across Canada.”

Valen has already shipped several products to the province, including A1 Cannabis’ Summit 10 THC beverages, Verse Cannabis’ Tropic Lemon and Sunset Peach vape carts and 1:20 CBD oil, with additional product formats across various categories expected to be shipped in the coming weeks.

In addition to Manitoba, the Company’s distribution network also includes Alberta, British Columbia, Ontario and Saskatchewan. Expansion into other Canadian provinces and territories, such as Quebec, is expected in the short-term as discussions continue with provincial and territorial boards and private retailers.

About The Valen Company

The Valen Company is a leading manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world. The Company provides proprietary cannabis processing services across five core technologies, in addition to best-in-class product development, formulation and manufacturing of cannabis consumer packaged goods. The Valen Company’s high-quality products are exclusively formulated for the medical, therapeutic, health and wellness, and recreational consumer segments, and are offered across numerous product formats, including oils, vapes, concentrates, edibles and topicals, as well as pre-rolls, with a focus on next-generation product development and innovation. Its breakthrough patented emulsification technology, SōRSE™ by Valen, converts cannabis oil into water-soluble emulsions for seamless integration into a variety of product formats, allowing for near-perfect dosing, stability, and taste. In partnership with brand houses, consumer packaged goods companies and licensed cannabis producers around the globe, the Company continues to grow its diverse product portfolio in alignment with evolving cannabis consumer preferences in key markets.

Notice regarding Forward Looking Statements

All information included in this press release, including any information as to the future financial or operating performance and other statements of The Valen Company that express management’s expectations or estimates of future performance, other than statements of historical fact, constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date hereof. Forward-looking statements are included for the purpose of providing information about management’s current expectations and plans relating to the future. Wherever possible, words such as “plans”, “expects”, “scheduled”, “trends”, “indications”, “potential”, “estimates”, “predicts”, “anticipate”, “to establish”, “believe”, “intend”, “ability to”, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, or the negative of these words or other variations thereof, have been used to identify such forward-looking information. Specific forward-looking statements include, without limitation, all disclosure regarding future results of operations, economic conditions and anticipated courses of action.

The risks and uncertainties that may affect forward-looking statements include, among others, regulatory risk, United States border crossing and travel bans, reliance on licenses, expansion of facilities, competition, dependence on supply of cannabis and reliance on other key inputs, dependence on senior management and key personnel, general business risk and liability, regulation of the cannabis industry, change in laws, regulations and guidelines, compliance with laws, reliance on a single facility, limited operating history, vulnerability to rising energy costs, unfavourable publicity or consumer perception, product liability, risks related to intellectual property, product recalls, difficulties with forecasts, management of growth and litigation, many of which are beyond the control of The Valen Company. For a more comprehensive discussion of the risks faced by The Valen Company, and which may cause the actual financial results, performance or achievements of The Valen Company to be materially different from estimated future results, performance or achievements expressed or implied by forward-looking information or forward-looking statements, please refer to The Valen Company’s latest Annual Information Form filed with Canadian securities regulatory authorities at www.sedar.com or on The Valen Company’s website at www.thevalenscompany.com. The risks described in such Annual Information Form are hereby incorporated by reference herein. Although the forward-looking statements contained herein reflect management’s current beliefs and reasonable assumptions based upon information available to management as of the date hereof, The Valen Company cannot be certain that actual results will be consistent with such forward-looking information. The Valen Company cautions you not to place undue reliance upon any such forward-looking statements. The Valen Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Nothing herein should be construed as either an offer to sell or a solicitation to buy or sell securities of The Valen Company.

SOURCE The Valen Company Inc.