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New IAS Report Finds Majority of Media Experts Are Concerned About Digital Audio Ad Fraud, Audibility Metrics

PR Newswire

Third-party verification will play a critical role in preserving digital audio media quality


NEW YORK
, June 16, 2022 /PRNewswire/ — Integral Ad Science (Nasdaq: IAS), a global leader in digital media quality, today released its 2022 Amplifying Media Quality in Digital Audio Report. In partnership with YouGov,a global public opinion and data company, IAS surveyed U.S. digital media experts  — including publishers, ad buyers, and adtech experts — on their expectations for digital advertising in programmatic audio. Results surfaced substantial concerns regarding ad fraud in digital audio and division on the adequacy of current metrics. However, media experts overwhelmingly agree about the capacity for third-party verification companies to address these challenges.

The report breaks down how media experts are engaging with digital audio as a rapidly expanding market and highlights the role third-party verification plays in maintaining high-quality standards for digital audio advertising.

The report also delves into questions about whether current audibility metrics are sufficient in addition to industry-wide concern centered on audio ad fraud and how media experts are looking to harness brand suitability to combat risk.

Based on the report, these key priorities will guide advertisers in the year ahead:

  • The vast majority of media experts plan to engage with the growing digital audio advertising opportunities —  As consumer interest in digital audio remains strong, 93% of media experts say they are likely to use digital audio advertising this year. Digital audio ads drive both performance and branding — contributing to overall advertising outcomes — with 63% of marketing experts in agreement.
  • There will be a strong preference for programmatic ad buying — Automated purchasing methods are gaining traction as marketers seek efficiency and scale in digital audio advertising, with 73% of experts set to transact audio ad placements programmatically. As publishers and ad buyers shift from direct to automated transactions, adtech partners will focus on bringing media quality to audio advertising.
  • Media experts are speculative about audibility metrics, but desire comparability across mediums — Nearly half of experts (45%) said it is important to compare campaign performance across audio, display, and video. Yet, less than half of experts have confidence when discussing audio metrics with clients. Audibility criteria were insufficient to compare to viewability, which proves difficult for advertisers to compare performance across formats.
  • Media experts are overwhelmingly concerned about ad fraud in digital audio, and agree that third-party verification may address those challenges — Nearly nine-in-ten media experts (87%) are concerned or very concerned about ad fraud in audio. While the desire to participate in digital audio engagement is high, those same experts say they are willing to rely on third-party verification to preserve media quality before further investing in digital audio advertising. Such verification can help ad buyers harness audio ad metrics by providing insights into performance, industry education, and listening to client feedback for future innovations.

“Digital audio is booming and marketers want metrics to ensure they are placing their ads in the best possible audio adjacencies,” said Tony Marlow, CMO, IAS. “IAS is well-suited to deliver comprehensive transparency to the digital audio ecosystem and to help marketers make every audio impression count.”

For more information, visit https://integralads.com/.

About Integral Ad Science

Integral Ad Science (IAS) is a global leader in digital media quality. IAS makes every impression count, ensuring that ads are viewable by real people, in safe and suitable environments, activating contextual targeting, and driving supply path optimization. Our mission is to be the global benchmark for trust and transparency in digital media quality for the world’s leading brands, publishers, and platforms. We do this through data-driven technologies with actionable real-time signals and insight. Founded in 2009 and headquartered in New York, IAS works with thousands of top advertisers and premium publishers worldwide. For more information, visit integralads.com.

CONTACT: [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-ias-report-finds-majority-of-media-experts-are-concerned-about-digital-audio-ad-fraud-audibility-metrics-301569512.html

SOURCE Integral Ad Science, Inc.

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S&P 500 Buybacks Set Quarterly and 12-Month Records – Again

PR Newswire

S&P 500 Q1 2022 buybacks were $281.0 billion, up 4.0% from Q4 2021’s record of $270.1 billion; the 12-month March 2022 expenditure of $985 billion set a record, up 11.7% from 2021’s record of $882 billion and up 97.2% from the 12-month March 2021’s $499 billion 


NEW YORK
, June 16, 2022 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) announced today preliminary S&P 500® stock buybacks, or share repurchases, data for Q1 2022.

Historical data on S&P 500 buybacks are available at www.spdji.com/indices/equity/sp-500. 


Key Takeaways:

  • Q1 2022 share repurchases were a record $281.0 billion, up 4.0% from Q4 2021’s record $270.1 billion expenditure and up 57.8% from March 2021’s $178.1 billion.
  • 374 companies reported buybacks of at least $5 million for the quarter, up from 325 in Q4 2021 and up from 335 in Q1 2021; 395 companies did some buybacks for the quarter, up from 383 in Q4 2021 and up from 370 in Q1 2021; 432 companies did some buybacks for the 12-months ending March 2022, up from 416 in the prior period.
  • Buybacks remained top heavy but declined significantly with the top 20 companies accounting for 42.1% of Q1 2022 buybacks, down from Q4 2021’s 51.8%, down from the dominating 87.2% in Q2 2020, and down from the pre-COVID historical average of 44.5%.
  • For the 12-months ending March 2022, buybacks were a record $984.6 billion, a 97.2% increase from the $499.2 billion spent in the March 2021 time period.
  • 17.6% of companies reduced share counts used for earnings-per-share (EPS) by at least 4% year-over-year, up from Q4 2021’s 14.9% and Q1 2021’s 5.8%, but were still significantly down from the Q1 2019 rate of 24.9%.  
  • S&P 500 Q1 2022 dividends increased 2.8% to a record $137.6 billion from Q4 2021’s $133.9 billion and were 11.1% greater than the $123.9 billion in Q1 2021. For the 12-months ending March 2022, dividends were a record $524.9 billion, up 9.3% on an aggregate basis from the 12-month’s March 2021’s $480.1 billion.
  • Total shareholder return of buybacks and dividends was a record $418.6 billion in Q1 2022, up 3.6% from Q4 2021’s $404.0 billion and up 38.6% from Q1 2021’s $302.0 billion.
  • Total shareholder return for the 12-months ending March 2022 increased to a record $1.510 trillion from the March 2021$0.979 trillion.
  • Buybacks are expected to continue at a higher level for Q2 2022, even as prices have declined, as reduced prices will increase the number of shares purchased and lift EPS due to share reduction.

“Companies continued their record-breaking buyback and dividend expenditures in Q1 2022, even as prices declined and market volatility and uncertainty increased,” said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.  “The record expenditures led to 17.6% of the companies in the S&P 500 increasing their earnings-per-share by at least 4% thanks to their newly lowered share count, up from the 5.8% in Q1 2021. While the EPS uplift remained well below the 24.9% rate of Q1 2019, the direction remained consistent, with declared new programs setting the stage for increased buying throughout 2022.


Outlook for Q2 2022:

Silverblatt added, “Companies are expected to maintain their buyback activities for Q2 through the current price downturn. This means companies will be getting more shares for their expenditures and reducing share counts even further, resulting in higher EPS. Operating earnings, which had set a record in Q4 2021, declined an estimated 13% in Q1 2022, but are expected to rebound in Q2 2022, with more issues benefiting from lower share counts and therefore adding stronger tailwinds to their EPS.”

“Beyond Q2, at the minimum, companies are expected to cover exercised options, with stronger-cash-flow issues continuing to reduce shares. Given the strong base buying, expected earnings, even with the current level of inflation, a consumer spending slowdown and lower margins, buybacks could easily set another record in 2022.”

Silverblatt noted that, “the 12-month March 2022 buyback record of $984.6 billion, which is expected to surpass the $1 trillion mark for the first time for June 2022 is a Washington headline in the waiting.”


Q1 2022 GICS® Sector Analysis

:

Information Technology continued to lead in buybacks, even as its percentage of buybacks declined. In Q1 2022, IT’s share declined to 25.5% of all S&P 500 buybacks compared to Q4 2021’s 27.7% and Q1 2021’s 31.6%, as expenditures decreased (4.4%) to $71.6 billion from the prior quarter’s $74.9 billion and were 27.0% higher than the Q1 2021 expenditure of $56.4 billion. For the 12-months ending March 2022, the sector spent $275.3 billion, representing 28.0% of all S&P buybacks, up from 12-month 2021’s $199.1 billion, which represented 39.9% of all buybacks.  For the 10-years, the sector spent $1.76 trillion, representing 28.5% of the expenditures.

Health Care buybacks increased 88.3%, spending $41.1 billion in Q1 2022 representing 14.6% of all buybacks, up from the Q4 2021 $21.8 billion, which accounted for 8.1% of the buybacks.

Financial buybacks increased 6.2% to $54.7 billion, representing 19.5% of the buybacks, from the Q4 2021 $51.5 billion, which represented 19.1% of all buybacks. The 12-month buybacks of $209.9 billion were 202% higher than the 12-month March 2021 buybacks of $69.4 billion, when the Fed limited buybacks.

Energy buybacks increased by 12.3% for the quarter, to $8.6 billion, from the prior quarter’s $7.6 billion and up 1,654% from the Q1 2021 $0.5 billion.  For the 12-months, buybacks were $20.8 billion compared to the prior period’s $0.9 billion, a 2,092% increase.

Communication Services buybacks decreased by 21.3%, to $34.1 billion, from the prior quarter’s $43.3 billion and up 56.4% from the Q1 2021 $21.8 billion.  As a percentage of all buybacks, the sector decreased to 12.1% of all buybacks from the prior quarter’s 16.0%, and the Q1 2021 12.2%.


Issues:

The five issues with the highest total buybacks for Q1 2022 are:

  • Apple (AAPL) continued to be the poster child for buybacks as it again spent the most of any issue, with the Q1 2022 expenditure ranked fifth highest in S&P 500 history. For the quarter, the company spent $23.0 billion, down 1.7% from Q4 2021’s $23.4 billion. Apple holds 18 of the top 20 record quarters (Meta Platforms holds #9 and QUALCOM holds #10). For the 12-months ending March 2022, Apple spent $92.4 billion on buybacks, up from the prior 12-month’s $89.7 billion. Over the five-year period, they have spent $375.8 billion and $533.3 billion over the ten-year period.
  • Alphabet (GOOG/L) was next: $13.3 billion for Q1 2022, down from $13.5 billion in Q4 2021; the 12-month March 2022 expenditure was $52.2 billion versus the 12-month March 2021 expenditure of $40.0 billion.
  • Meta Platforms (META): $10.4 billion for Q1 20221, down from $21.6 billion in Q4 2021; the 12-month March 2022 expenditure was $55.5 billion versus $19.2 billion.
  • Microsoft (MSFT): $8.8 billion for Q1 2022, up from $7.4 billion in Q4 2021; the 12-month March 2022 expenditure was $31.1 billion versus $27.4 billion.
  • S&P Global (SPGI): $7.1 billion for Q1 2022, up from $0.002 billion in Q4 2021; the 12-month March 2022 expenditure was $7.1 billion versus $0.06 billion.

For more information about S&P Dow Jones Indices, please visit www.spdji.com.


S&P Dow Jones Indices


S&P 500, $ U.S. BILLIONS


(preliminary in bold)


PERIOD


MARKET


OPERATING


AS REPORTED


DIVIDEND &


VALUE


EARNINGS


EARNINGS


DIVIDENDS


BUYBACKS


DIVIDEND 


BUYBACK 


BUYBACK 


$ BILLIONS


$ BILLIONS


$ BILLIONS


$ BILLIONS


$ BILLIONS


YIELD


YIELD


YIELD

12 Mo Mar,’22

$38,288


$1,778.88


$1,674.81

$524.92


$984.60

1.37 %


2.57 %


3.94 %

12 Mo Mar,’21

$33,619

$1,258.59

$1,074.57

$480.11

$499.17

1.43 %

1.48 %

2.91 %

2021

$40,356

$1,738.62

$1,652.78

$511.23

$881.72

1.27 %

2.18 %

3.45 %

2020

$31,659

$1,019.04

$784.21

$483.18

$519.76

1.53 %

1.64 %

3.17 %

2019

$26,760

$1,304.76

$1,158.22

$485.48

$728.74

1.81 %

2.72 %

4.54 %

2018

$21,027

$1,281.66

$1,119.43

$456.31

$806.41

2.17 %

3.84 %

6.01 %

3/31/2022

$38,288


$417.33


$388.42

$137.60


$281.01

1.37 %


2.57 %


3.94 %

12/31/2022

$40,356

$456.22

$434.29

$133.90

$270.10

1.27 %

2.18 %

3.45 %

9/30/2021

$36,538

$441.26

$420.64

$130.04

$234.64

1.37 %

2.03 %

3.40 %

6/30/2021

$36,325

$439.95

$409.02

$123.38

$198.84

1.33 %

1.68 %

3.01 %

3/31/2021

$33,619

$401.19

$388.84

$123.91

$178.13

1.43 %

1.48 %

2.91 %

12/31/2020

$31,659

$321.81

$265.00

$121.62

$130.59

1.53 %

1.64 %

3.17 %

9/30/2020

$27,868

$314.06

$273.29

$115.54

$101.79

1.75 %

2.05 %

3.80 %

6/30/2020

$25,637

$221.53

$147.44

$119.04

$88.66

1.93 %

2.52 %

4.45 %

3/31/2020

$21,424

$161.64

$98.48

$126.98

$198.72

2.31 %

3.37 %

5.68 %

12/31/2019

$26,760

$324.52

$294.29

$126.35

$181.58

1.81 %

2.72 %

4.54 %

9/30/2019

$24,707

$330.42

$282.12

$123.12

$175.89

1.94 %

3.12 %

5.06 %

6/28/2019

$24,423

$333.26

$290.00

$118.68

$165.46

1.93 %

3.27 %

5.20 %

3/29/2019

$23,619

$316.56

$291.82

$117.33

$205.81

1.97 %

3.49 %

5.45 %

12/31/2018

$21,027

$293.82

$242.91

$119.81

$222.98

2.17 %

3.84 %

6.01 %

9/30/2018

$24,579

$349.04

$306.70

$115.72

$203.76

1.81 %

2.93 %

4.75 %

6/30/2018

$23,036

$327.53

$288.55

$111.60

$190.62

1.89 %

2.80 %

4.69 %

3/29/2018

$22,496

$311.26

$281.28

$109.18

$189.05

1.90 %

2.56 %

4.46 %


S&P Dow Jones Indices


S&P 500 SECTOR BUYBACKS


SECTOR $ MILLIONS


Q1,’22


Q4,’21


Q1,’21


12MoMar,’22


12MoMar,’21


5-YEARS


10-YEARS


Consumer Discretionary

$28,238

$30,889

$15,918

$98,873

$29,346

$366,831

$764,272


Consumer Staples

$8,419

$12,817

$9,631

$38,485

$24,095

$171,508

$395,125


Energy

$8,552

$7,614

$488

$20,755

$947

$85,370

$215,954


Financials

$54,690

$51,514

$35,389

$209,908

$69,437

$749,691

$1,155,521


Healthcare

$41,134

$21,840

$20,394

$96,898

$53,669

$401,902

$766,076


Industrials

$24,745

$16,268

$13,545

$73,474

$26,039

$298,727

$616,762


Information Technology

$71,580

$74,868

$56,360

$275,264

$199,072

$1,128,219

$1,763,926


Materials

$7,434

$9,244

$4,065

$26,555

$7,627

$73,330

$139,858


Real Estate

$1,131

$645

$427

$2,089

$1,768

$14,447

$15,779


Communication Services

$34,069

$43,305

$21,781

$139,872

$83,226

$301,822

$336,612


Utilities

$1,017

$1,099

$135

$2,423

$3,948

$12,039

$19,167


TOTAL


$281,011


$270,102


$178,133


$984,596


$499,173


$3,603,885


$6,189,053


SECTOR BUYBACK MAKEUP %


Q1,’22


Q4,’21


Q1,’21


12MoMar,’22


12MoMar,’21


5-YEARS


10-YEARS


Consumer Discretionary

10.05 %

11.44 %

8.94 %

10.04 %

5.88 %

10.18 %

12.35 %


Consumer Staples

3.00 %

4.75 %

5.41 %

3.91 %

4.83 %

4.76 %

6.38 %


Energy

3.04 %

2.82 %

0.27 %

2.11 %

0.19 %

2.37 %

3.49 %


Financials

19.46 %

19.07 %

19.87 %

21.32 %

13.91 %

20.80 %

18.67 %


Healthcare

14.64 %

8.09 %

11.45 %

9.84 %

10.75 %

11.15 %

12.38 %


Industrials

8.81 %

6.02 %

7.60 %

7.46 %

5.22 %

8.29 %

9.97 %


Information Technology

25.47 %

27.72 %

31.64 %

27.96 %

39.88 %

31.31 %

28.50 %


Materials

2.65 %

3.42 %

2.28 %

2.70 %

1.53 %

2.03 %

2.26 %


Real Estate

0.40 %

0.24 %

0.24 %

0.21 %

0.35 %

0.40 %

0.25 %


Communication Services

12.12 %

16.03 %

12.23 %

14.21 %

16.67 %

8.37 %

5.44 %


Utilities

0.36 %

0.41 %

0.08 %

0.25 %

0.79 %

0.33 %

0.31 %


TOTAL

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %


S&P Dow Jones Indices


S&P 500 20 LARGEST Q1 2022 BUYBACKS, $ MILLIONS 


Company  


Ticker


Sector


Q1 2022


Q4 2021


Q1 20221


12-Months


12-Months


5-Year


10-Year


Indicated


Buybacks


Buybacks


Buybacks


Mar,’22


Mar,’21


Buybacks


Buybacks


Dividend


$ Million


$ Million


$ Million


$ Million


$ Million


$ Million


$ Million


$ Million

Apple

AAPL

Information Technology

$22,961

$23,366

$18,847

$92,371

$89,665

$375,799

$533,335

$15,804

Alphabet 

GOOGL

Communication Services

$13,300

$13,473

$11,395

$52,179

$39,992

$125,913

$132,513

$0

Meta Platforms

FB

Communication Services

$10,431

$21,569

$5,016

$55,467

$19,224

$97,168

$101,998

$0

Microsoft 

MSFT

Information Technology

$8,822

$7,433

$6,930

$31,116

$27,385

$106,321

$160,462

$18,592

S&P Global

SPGI

Financials

$7,069

$2

$41

$7,084

$62

$12,187

$16,219

$1,204

Amgen

AMGN

Health Care

$6,360

$1,443

$871

$10,464

$4,422

$43,208

$53,489

$4,371

Wells Fargo 

WFC

Financials

$6,018

$6,949

$596

$19,878

$2,711

$78,291

$116,756

$3,886

Bristol-Myers Squibb 

BMY

Health Care

$5,000

$2,751

$1,775

$9,512

$4,476

$20,922

$25,655

$4,708

Lowe’s Companies

LOW

Consumer Discretionary

$4,037

$4,013

$3,038

$14,011

$10,179

$31,325

$50,301

$2,830

Morgan Stanley

MS

Financials

$3,681

$2,847

$2,582

$13,174

$5,680

$32,297

$42,349

$6,202

Charter Communications

CHTR

Communication Services

$3,333

$4,597

$3,652

$15,112

$14,878

$52,073

$54,610

$0

Broadcom 

AVGO

Information Technology

$3,290

$3,099

$461

$7,002

$1,218

$22,174

$22,306

$6,771

Comcast 

CMCSA

Communication Services

$3,223

$2,055

$309

$7,586

$1,222

$18,692

$40,291

$4,886

Union Pacific 

UNP

Industrials

$3,183

$1,445

$1,347

$9,127

$5,234

$31,462

$45,275

$3,312

Berkshire Hathaway

BRK.b

Financials

$3,180

$6,869

$6,580

$23,661

$30,527

$61,143

$61,143

$0

Citigroup

C

Financials

$3,163

$162

$1,793

$9,308

$4,709

$50,310

$71,088

$4,048

Visa 

V

Information Technology

$2,952

$4,217

$1,719

$12,340

$7,395

$43,699

$67,769

$2,488

Marathon Petroleum 

MPC

Energy

$2,846

$2,742

$0

$7,500

$984

$13,689

$20,695

$1,343

Adobe 

ADBE

Information Technology

$2,666

$1,117

$1,341

$5,994

$3,940

$17,656

$22,187

$0

Amazon.com

AMZN

Consumer Discretionary

$2,666

$0

$0

$2,666

$0

$2,666

$2,666

$0


Top 20   


$118,181


$110,149


$68,293


$405,552


$273,903


$1,236,995


$1,641,107


$80,445


S&P 500


$281,011


$270,102


$123,907


$984,596


$499,173


$3,603,885


$6,189,053


$589,388


Top 20 % of S&P 500


42.06 %


40.78 %


55.12 %


41.19 %


54.87 %


34.32 %


26.52 %


13.65 %


   Gross values are not adjusted for float


S&P Dow Jones Indices


S&P 500 Q1 2022 Buyback Report


SECTOR


DIVIDEND


BUYBACK 


COMBINED


YIELD


YIELD


YIELD


Consumer Discretionary


2.28 %


3.17 %


5.45 %


Consumer Staples


1.58 %


2.57 %


4.15 %


Energy


2.08 %


1.86 %


3.93 %


Financials


1.52 %


3.41 %


4.93 %


HealthCare


2.01 %


2.12 %


4.13 %


Industrials


1.68 %


1.55 %


3.23 %


Information Technology


1.65 %


3.86 %


5.51 %


Materials


1.25 %


1.61 %


2.86 %


Real Estate


0.72 %


0.10 %


0.82 %


Communications Services


0.75 %


5.59 %


6.34 %


Utilities


2.19 %


0.18 %


2.38 %


S&P 500


1.63 %


2.74 %


4.36 %

   Uses full values (unadjusted for float)

   Dividends based on indicated; buybacks based on the last 12-months ending Q1,’22


Share Count Changes


(Y/Y diluted shares used for EPS)


>=4%


<=-4%


Q1 2022


7.62 %


17.64 %


Q4 2021


10.06 %


14.89 %


Q3 2021


10.22 %


7.41 %


Q2 2021


11.02 %


5.41 %


Q1 2021


10.40 %


5.80 %


Q4 2020


9.02 %


6.01 %


Q3 2020


8.62 %


9.62 %


Q2 2020


8.60 %


17.80 %


Q1 2020


8.00 %


19.60 %


Q4 2019


7.63 %


20.68 %


Q3 2019


8.62 %


22.85 %


Q2 2019


7.98 %


24.15 %


Q1 2019


8.03 %


24.90 %

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spdji.com.

S&P DJI MEDIA CONTACTS:

April Kabahar
(+1) 917 796 3121
[email protected]

Lauren Davis

(+1) 484 269 7118
[email protected]

S&P DJI INDEX SERVICES:


Howard Silverblatt
 
Senior Index Analyst
(+1) 973 769 2306
[email protected] 

 

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SOURCE S&P Dow Jones Indices

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Secfi Chooses SS&C to Administer Financing Fund

PR Newswire

Precision LM will support employee equity planning and financing platform


WINDSOR, Conn.
, June 16, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Secfi, the leading employee equity planning and financing platform, has retained SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM™ and TNR Solution™ will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options.

SS&C’s technology will enable the financing of pre-IPO equity and provide liquidity to employees of start-up customers while ensuring straight-through processing. In addition, the solution’s ability to accommodate private credit lending and support the fund’s launch and growth influenced Secfi’s choice.

“SS&C is among the best and most reputable intelligent fund administrators,” said Jaime Moreno de los Rios, Secfi Chief Operating Officer. “They offer the flexibility and expertise to accommodate our unique requirements and the scalability to grow as this exciting market expands.“

“Secfi provides an innovative solution for startup employees through its technology platform and is engaging with SS&C to further streamline its financing offering and provide the best experience for its clients,” said Dan Pallone, Vice President Mortgage REIT and Loan Solutions. “SS&C has a proven track record of bringing innovative, flexible solutions to the industry and solving the newest and most unique challenges. We look forward to supporting Secfi’s future success.”

More than 125 bank and non-bank lenders and servicers use Precision LM to support their lending operations, with growth accelerating over the last year following the recent expansion of private credit lending. Learn more about Precision LM here.

About Secfi

Secfi is trusted by thousands of start-up employees for equity planning and financing. We’re the first to provide a proprietary suite of equity planning tools, 1:1 guidance with licensed equity strategists, and a set of financing products that enable employees to own a stake in the company they helped build. We also provide company-wide education for start-ups at all stages to help their team make the best decision for their own situation. Currently, we have worked with employees from more than 80% of all U.S. unicorns. For more information, please visit www.secfi.com.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. 

Follow SS&C on Twitter, Linkedin and Facebook.

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SOURCE SS&C

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AIG Named to The Civic 50 List by Points of Light

AIG Named to The Civic 50 List by Points of Light

Prestigious List Recognizes the 50 Most Community-Minded Companies in the United States

NEW YORK–(BUSINESS WIRE)–
For the first time, American International Group, Inc. (NYSE: AIG) has been recognized as one of the 50 most community-minded companies in the United States by Points of Light, a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world.

Points of Light today announced The Civic 50 honorees of 2022 as well as a report featuring key trends, benchmarking data and insights from the honorees.

For 10 years, The Civic 50 has provided a national standard for corporate citizenship and showcases how companies can use their time, skills, and resources to drive social impact in their communities and company. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs – investment of resources, integration across business functions, institutionalization through policies and systems and impact measurement.

AIG Chief Human Resource Officer Rose Marie Glazer said: “AIG’s Global Corporate Citizenship team has created the infrastructure for AIG to strategically contribute its resources toward impactful community engagement – from employee time and talents, to financial gifts, to leadership on critical social causes. Our partnerships, programs, and initiatives empower every colleague to contribute in ways that are most meaningful to them and offer opportunities to provide support to communities where we live and work. Our commitment to our communities is one of the many reasons AIG is a great place to build a career.”

AIG Global Head of Corporate Citizenship Laura Gallagher said: “It is a profound honor for AIG to be named to The Civic 50 list by Points of Light and to be recognized among such impressive corporate citizens. In recent years, we have worked to ensure the capacity-building, effectiveness, and reach of the giving and community engagement programs that we direct. We are gratified and invigorated by this recognition of our data-driven approach, enhanced focus on equity, and dedication to long-term, sustainable impact.”

“Corporate leadership and commitment to civic engagement is critical for strengthening communities,” said Natalye Paquin, president & CEO of Points of Light. “Companies like AIG are leading the way and setting an example of how you can leverage your employee talent, business models and assets to create deep impact that drives transformational change.”

The Civic 50 survey and ranking system exclusively measures corporate involvement in communities. The survey is administered by True Impact and consists of quantitative and multiple-choice questions that inform scoring process.

To view the full report and see the full list of The Civic 50 2022 honorees, visit www.pointsoflight.org/the-civic-50.

For a summary of AIG’s recent community engagement efforts, visit the Global Corporate Citizenship section of AIG’s 2021 Environmental, Social and Governance (ESG) Report: https://www.aig.com/esgreports/social/global-corporate-citizenship.

AIG is committed to helping individuals, businesses and communities prepare for and respond to times of uncertainty. For example, in 2021:

  • Disaster Relief, Restoration and Preparedness:
    • AIG’s over $25 million in contributions to nonprofit organizations included a grant to the Center for Disaster Philanthropy, which serves the mid- to long-term needs of communities, long after a disaster has lost global attention.
    • AIG colleagues donated more than 20,700 volunteer hours. This included partnering with Humanitarian OpenStreetMaps to map 39,749 buildings and over 60km of roads in unexplored or disaster-prone areas across Botswana, Zambia, Barbados and Guatemala, aiding the delivery of humanitarian aid.
    • AIG established the AIG Compassionate Colleagues Fund, which, in addition to AIG’s initial $2 million commitment, enables employees to make donations into a fund that is used to help fellow AIG colleagues overcome serious financial hardships, including those brought on by disasters.
  • Equity: In a year marked by the continuation of a pandemic that has disproportionally impacted underrepresented individuals, social justice movements that heightened attention to systemic injustice, and immeasurable global uncertainty, AIG leveraged the power of volunteerism and philanthropy to develop inclusivity, encourage equity and advance prosperity at our organization and within our communities. This was demonstrated through funding for grants to: Center for Disaster Philanthropy, the Coalition to Back Black Businesses, Feeding America, International Medical Corps, and Tuesday’s Children. AIG took a data-driven approach to determine specific grant allocations based on need and ability to serve communities equitably.
  • Institutionalization of Citizenship Programs:
    • AIG matches employee charitable contributions 2:1 up to $10,000 per year to eligible nonprofit organizations.
    • As of 2022, AIG employees may take up to 24 hours of paid time off per calendar year (outside of their traditional Paid Time Off) to volunteer with non-profit organizations, including schools.

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

About Points of Light

Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 177 affiliates across 38 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 16 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, visit www.pointsoflight.org.

Quentin McMillan (Investors): [email protected]

Claire Talcott (Media): [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: DEI (Diversity, Equity and Inclusion) Other Philanthropy Insurance Environmental, Social and Governance (ESG) Professional Services Philanthropy Fund Raising Foundation

MEDIA:

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eBay Launches Live Shopping for Collectibles

PR Newswire

New live shopping platform, eBay Live, lets enthusiasts discover, chat and purchase instantly, from anywhere in the world

Inaugural event kicks off with trading card expert DJ Skee and top eBay seller Bleecker Trading 


SAN JOSE, Calif.
, June 16, 2022 /PRNewswire/ — eBay today announces the launch of eBay Live, a dedicated shopping platform that gives people a new way to browse and buy products in a live, interactive environment. The new beta technology combines entertainment with instant purchasing on one of the world’s largest marketplaces. The first series will offer a curated selection of highly-coveted and rare trading cards from top eBay seller Bleecker Trading, and will be hosted by trading card enthusiast DJ Skee.

“eBay has always been the original home for trading cards and collectibles,” said Dawn Block, VP Collectibles, Electronics and Home at eBay. “As the collector community grows, we’re offering a new live platform that combines an engaging environment with incredible ease, allowing our community to come together over shared interests and merchandise. Currently in beta, eBay Live will deliver a more streamlined, entertaining and sophisticated way for our community to connect, buy and sell.”

The events invite shoppers to engage with products as if they’re in a traditional offline shop, beginning on June 22 at 3 PM ET. Jess Mineo of Bleecker Trading will showcase iconic collectibles, including a 1995 Topps Finest Michael Jordan M1 Red Bordered Refractor PSA 9 MINT and a 1998 Kobe Bryant Skybox That’s Jam PSA 10.

Accessible on the eBay app and at ebay.com/eBayLive, enthusiasts will be able to interact with both DJ Skee and Bleecker Trading directly in the chat and through reaction buttons, bringing a higher level of entertainment to shopping – with the option to purchase any of the cards directly from the livestream.

“We are always looking for new ways to connect with our fellow collectors,” said Jess Mineo, head of Bleecker Trading. “eBay has always provided us with the incredible reach of a global platform, and their eBay Live beta technology now gives us the opportunity to highlight our offering in a more personal, meaningful way.”

eBay continually brings the best advancements to the community to ensure the marketplace is delivering what enthusiasts want and need. Earlier this month, eBay launched its vault for trading cards, a 31-thousand square foot, 24/7 secured, temperature controlled facility and digital marketplace for collectors. eBay also recently expanded its Authenticity Guarantee service to trading cards and, last year, the company debuted Price Guide and Collection and Image Scan which have changed the way collectors manage their portfolios.

“As an avid collector, I love that eBay continues to push the envelope to provide the best possible experience,” said DJ Skee. “eBay’s constant roll out of new offerings – Authenticity Guarantee for trading cards, the eBay vault and now eBay Live beta –- has been absolutely game-changing.”

About eBay

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabled over $87 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

 

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SOURCE eBay Inc.

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VerifyMe Wholly Owned Subsidiary PeriShip Global LLC Adds Two Former FedEx Executives to Board of Directors

PR Newswire

Dave Edmonds Retired Senior VP of FedEx World Wide Services and Curt Kole Former FedEx Cold Chain Pharmaceutical Logistics Specialist Officially Join PeriShip Global LLC Board of Directors


ROCHESTER, N.Y.
, June 16, 2022  /PRNewswire/ — VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), together with its PeriShip Global LLC subsidiary provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce that Dave Edmonds, recently retired Senior VP of FedEx World Wide Services and Curt Kole, PeriShip Global’s Executive Vice President, Sales & Global Strategy have joined the board of directors of VerifyMe’s wholly owned subsidiary, PeriShip Global LLC.

Mr. Edmonds joins the board after serving as the Senior Vice President, Worldwide Services at FedEx until his retirement on December 31, 2020. Mr. Edmonds worked his entire 41-year career in the transportation and logistics field. In 2001, Mr. Edmonds was appointed senior vice president for Worldwide Services, the company’s global customer sales unit. Prior to that, Mr. Edmonds was actively involved in the merger between Caliber System (FedEx Ground’s former parent company) and FedEx Corporation and was responsible for bringing the two companies together to compete collectively under the new FedEx Corporation umbrella. Mr. Edmonds played an instrumental role in the rapid growth of FedEx Ground (formerly RPS), FedEx Corporation’s small package ground carrier, capping one of the fastest growth cycles ever recorded by a U.S. transportation company. He is a graduate of Kent State University, is a member of the American Management Association; the Council for Logistics Management; and the Sales and Marketing Executive Council of the Advisory Board. 

Mr. Kole is an established thought leader in the Cold Chain logistics space, and has over 30 years of sales, marketing, and leadership experience in the transportation and logistics industry. Mr. Kole served as Vice President of Sales and Business Development of PeriShip LLC for five years before it was acquired by VerifyMe. Prior to that he spent over 17 years at FedEx® Custom Critical, Mr. Kole was intimately involved in the development of FedEx’s highly specialized Cold Chain suite of services, and indispensable to FedEx’s entry into the pharmaceutical market. Following his experience at FedEx®, he spent a combined 10 years in the truckload and global cryogenics spaces, has been an established panelist on Cold Chain logistics at numerous industry conferences. Mr. Kole now serves as the Executive Vice President, Sales & Global Strategy at PeriShip Global LLC. His strategic vision and focused execution are key to PeriShip Global LLC’s success and growth.

Patrick White, Chief Executive Officer stated, “Dave and Curt are great additions to the PeriShip Global LLC board. Their client relationships, knowledge and logistics expertise particularly in the pharmaceutical industry will greatly enhance our business. I fully expect that this former FedEx “dynamic duo” is certain to make a mark in our organization, in the industry and with our shared end customers. We could not ask for a better pairing of knowledge and expertise.’

Dave Edmonds stated: “PeriShip has a 20-year history of providing critical time and temperature logistics for brand owners. In today’s world we have all seen how important the supply chain systems are to everyone. It is a distinct pleasure to be able to offer my input to help build PeriShip into the “best in class” for the perishable shipping industry.”

Curt Kole stated: “PeriShip Global LLC is perfectly positioned to grow significantly. We are experts in providing end to end logistic services for all perishable supply chain products including but not limited to food, vaccines and other healthcare mission critical items.”

About VerifyMe, Inc.

VerifyMe, Inc. (NASDAQ: VRME), is a technology solutions provider specializing in products to connect brands with consumers. VerifyMe technologies give brand owners the ability to gather business intelligence while engaging directly with their consumers. VerifyMe technologies also provide brand protection and supply chain functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products. For additional information, please visit: https://www.verifyme.com .

Through its wholly owned subsidiary, PeriShip Global, LLC, VerifyMe also provides high-touch, end-to-end logistics management from a sophisticated IT platform with proprietary databases, package and flight-tracking software, weather, and flight status monitoring systems, as well as dynamic dashboards with real-time visibility into shipment transit and last-mile events. For additional information, please visit: https://www.periship.com .

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements regarding revenue opportunities, recurring revenue, commercialization efforts, our sales pipeline and opportunities, and the use of our technologies, in new applications. The words “believe,” “may,” “anticipate,” “intend,” “should,” “plan,” “could,” “potential,” “opportunity,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the impact of the COVID-19 pandemic, intellectual property litigation, the successful development of our sales and marketing capabilities, our ability to launch new products, the successful integration of our acquisitions, our ability to retain key management personnel, our ability to work with partners in selling our technologies to businesses, production difficulties, our inability to enter into contracts and arrangements with future partners, issues which may affect the reluctance of large companies to change their purchasing of products, acceptance of our technologies and the efficiency of our authenticators in the field. These risk factors and uncertainties include those more fully described in VerifyMe’s Annual Report and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE VerifyMe, Inc.

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iPipeline® Adds Speed of Underwriting to Quote Engine with Ethos to Deliver Insurance to Agents in Minutes

PR Newswire

Ethos Becomes First Insurtech on the Platform as Proprietary iPipeline Technology Feature Optimizes Filtering of Policies with Instant Underwriting


EXTON, Pa. and AUSTIN, Texas, June 16, 2022 /PRNewswire/ — iPipeline® announces that it has entered into a strategic alliance with Ethos, one of the largest term life insurance providers in the U.S., empowering Ethos to help a wider range of consumers benefit from its online life insurance coverage platform. As the first insurtech on the iPipeline platform, Ethos can now offer its white-labeled and customized life insurance assessment, application, and policy delivery services to the more than 400,000 agents across the iPipeline ecosystem.

Ethos’ mission is to make life insurance more affordable and accessible to as many Americans as possible. With Ethos, consumers can obtain life insurance policy quotes and apply online in minutes without medical exams. Using its proprietary technology stack, Ethos can process the application instantly, providing information about coverage eligibility and rates. Once the application is approved, the policyholder can activate their coverage immediately.

Insurtechs can appear lower in lists on quote engines that were traditionally designed to sort only by premiums. iPipeline resolves this issue by displaying a “speed score” to agents. Each carrier is measured by the amount of time it takes for an agent to complete their digital application, as well as the time it takes the carrier to make an underwriting decision. These speeds and qualification scores are displayed next to the carrier’s premium. Now for the first time, agents can sort via speed and any of these categories, allowing them to help their customers get the best product for their needs, especially as more and more consumers expect instant online experiences.

“Each agent determines what matters most to their client. Sometimes that’s speed—and sometimes it’s price,” said Bill Atlee, Founder and Chief Innovation Officer of iPipeline. “Our quote engines with the added ‘speed score’ search will help Ethos stand out in an industry that is used to a 30-to-45-day underwriting process. Agents can now view Ethos’s products alongside traditional carriers with the ability to consider more than just price. We’re excited to bring the Ethos products to the many agents in the iPipeline ecosystem, and we look forward to our ongoing partnership.”

“iPipeline’s distribution and innovation capabilities will help us as we continue on our mission to protect the next million families,” said Vipul Sharma, Chief Technology Officer at Ethos. “iPipeline shares our commitment to making life insurance more accessible and improving the experience—at every point in the process. This strategic alliance allows us to seamlessly reach more consumers through the thousands of insurance agents who use iPipeline.”  

About iPipeline
iPipeline is building the end-to-end digitized ecosystem for the life insurance and wealth management industries, which will enable millions of uninsured or under-insured Americans to secure their financial futures as part of a holistic financial planning experience. The firm is working to optimize all application and processing workflows—from quote to commission—and consolidating them within one of the most expansive straight-through processing platforms, significantly reducing paper, saving time, and increasing premiums and placements for insurance agents. iPipeline is also committed to offering premier subscription-based tools to help financial institutions and advisors automate and digitize financial transactions, comply with regulations, and seamlessly incorporate life insurance and annuities into client accounts. 

The iPipeline digital ecosystem incorporates one of the industry’s largest data sets to enable advisors and agents to optimize their businesses. Since its establishment in 1995, iPipeline has facilitated 1.5 billion quote responses, $32 billion in savings on printing and mailing costs, the collection of 55 billion premiums, and the protection of 25 million lives. iPipeline operates as a unit of Roper Technologies (NYSE: ROP), a constituent of the S&P 500®, Fortune 500®, and the Russell 1000® indices. For more information, please visit https://www.ipipeline.com/.

About Ethos
Ethos is a technology company. We make it easier than ever for everyone to protect their families with life insurance. Ethos has created the insurance industry’s most advanced proprietary technology, eliminating the traditional barriers to life insurance by developing instant and accessible products that make it easy for everyone to protect their families with life insurance online, in minutes without any medical exams. We issue billions in coverage each month and an invaluable amount of peace of mind for our families every single day. Ethos is a global company, with offices in Austin, San Francisco, Seattle, and Singapore. To learn more, visit www.ethoslife.com.

Media Contacts:

Laura Simpson

JConnelly for iPipeline
973-713-8834
[email protected] 

Sarah Freeman

Method Communications for Ethos
[email protected]

 

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SOURCE iPipeline

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Luokung Announces Affiliate HDtraffic Jointly Building Data Middle Station with One of China’s Leading Automobile Manufacturers, Begins Providing Commercial Services

PR Newswire


BEIJING
, June 16, 2022 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung,” “we,” “our” or “us”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced the closing of the previously announced acquisition of Beijing Hongdajiutong Technology Development Co., Ltd. (“HDtraffic”), a leading big data service provider for intelligent transportation and connected vehicles in China. HDtraffic has established a joint development team with a leading commercial vehicle OEM to build a Data Middle Station, an enterprise-level platform of comprehensive data capability, which includes data collection, exchange, sharing, integrating, organizing, processing, modeling, analyzing, management, governance, service and application, and has begun providing commercial services to the OEM.

The commercial vehicle manufacturer possesses strong research and development capabilities and an advanced manufacturing system. In 2021, the OEM reported annual sales of approximately 700,000 commercial vehicles, ranking second in commercial vehicle sales in China for the year. The OEM is currently promoting products such as electric commercial vehicles and self-driving commercial vehicles.

The joint development team will focus on the development of products such as the Internet of Vehicles (“IoV”) big data analysis system and services related to typical application scenarios for commercial vehicles. The data middle station aims to provide the OEM with commercial services such as vehicle load evaluation, economical driving decision-making, vehicle failure prediction and health management, and assisted driving vehicle-road coordination (“V2X”).

Mr. Xuesong Song, Luokung’s Chairman and CEO, stated, “We are very pleased to announce the closing of the HDtraffic acquisition. Our newly acquired affiliate HDtraffic brings immediate value to Luokung with this new partnership base with a leading commercial vehicle OEM in China. The long-term in-depth service cooperation to jointly develop and build a data middle station will enable Luokung to better understand the interconnectivity of vehicles, roads, and driving behaviors. We believe this understanding will help Luokung develop more mature IoV big data products and V2X products, while enabling us to provide superior services for more potential OEM partners. Luokung is prepared to build upon the positive momentum that HDtraffic brings to us with greater competitive advantages and increased footprint by offering high-quality automatic driving data services for commercial vehicles and smart logistics services.”


About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “probable”, “potential”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.


CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-6506-5217
Email: [email protected]  

Investor Relations:

 

Ms. Carolyne Sohn

Vice President

The Equity Group Inc.

Tel: 415-568-2255

Email: [email protected]

 

Ms. Alice Zhang

Investor Relations Analyst

The Equity Group Inc.

Tel: 212-836-9610

Email: [email protected]

 

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SOURCE Luokung Technology Corp.

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Fiberon to showcase new Wildwood composite cladding at AIA 2022

PR Newswire


MAUMEE, Ohio
, June 16, 2022 /PRNewswire/ — Hundreds of architects, designers and other industry professionals will get an up-close look at Fiberon’s new high-performance composite cladding at the AIA Conference on Architecture 2022, June 22-25 in Chicago.

Fiberon will showcase its new Wildwood composite cladding at the 2022 AIA conference June 22-25 in Chicago.

Fiberon Wildwood PE composite cladding brings performance and beauty to forward-thinking architectural designs, while utilizing materials that support important sustainability initiatives. Available in a variety of nature-inspired colors that feature realistic wood embossing patterns, Wildwood gives architects endless opportunities to explore their creativity. AIA attendees can experience the product for themselves at booth #1418.

“This is an exciting time of year for the architectural community. In the heart of one of the most design-forward, sustainable cities in the U.S., the AIA conference transforms Chicago’s McCormick Place into a product playground and showcase for leading edge design,” said Mark Ayers, senior vice president of marketing and product development for Fiberon. “Our Wildwood product is an ideal solution for bringing bold ideas to life and we’re looking forward to showing the industry why.”

Wildwood features two globally inspired collections – Eden and Sahara – both of which feature on-trend color palettes. The Eden Collection is inspired by lush, tropical forests and features an array of exotic hues including Mora, Wenge, Meranti, Koa and Tupelo. The Sahara Collection draws inspiration from arid, sandy landscapes and includes rich desert tones like Mulga, Sumac and Palo. Wildwood composite cladding features an open joint profile and is available in a variety of board lengths and widths for added design flexibility.

Wildwood is made from 94 percent mixed recycled wood fiber and plastic content, which would otherwise likely be destined for landfills and incinerators. This commitment to sustainability earned Wildwood recognition as one of Green Builder magazine’s Top 50 Sustainable Products of the Year. It is perfect for architects who want a long-lasting, maintenance-free, more sustainable alternative to traditional wood cladding, offering a solution for projects that require the beauty of wood with long-term warranted performance.

Wildwood cladding has several performance characteristics that make it an ideal solution for rainscreen applications. Its durable composite core ensures exceptional resistance to rotting, cracking, insects and decay. Additionally, the material never needs sanding, staining or painting, making it perfect for difficult-to-reach applications. Unlike wood and stone, Fiberon Wildwood cladding deflects the water it encounters. Furthermore, it resists fading due to sun exposure and is not affected by freeze-thaw cycles. 

For more information on Wildwood composite cladding, download the Fiberon AIA press kit at fiberoncladding.com/AIA22 or visit fiberoncladding.com.

As part of the Outdoors & Security segment of Fortune Brands Home & Security, Inc. (NYSE: FBHS), Fiberon products come with the support of a Fortune 500 company. Outdoors & Security is focused on the attractive outdoor living space with products engineered for a lifetime of performance, providing homeowners protection and security.

The FBHS Outdoors & Security division includes the following industry-leading brands:

  • Fiberon: A leading U.S. manufacturer of wood-alternative decking, railing and cladding.
  • Therma-Tru: The #1 entry door brand in the U.S. among residential building professionals.
  • LARSON: The #1 storm door brand in North America.
  • Fypon: The recognized leader in polyurethane millwork for molding, trim, shutters and beams.
  • Master Lock and SentrySafe: The #1 padlock and safe brands in North America.
Shareable Highlights
  • Fiberon, a leader in wood-alternative cladding, will showcase its new Wildwood product at the 2022 AIA conference June 22-25 in Chicago.
About Fiberon

Founded in 1997, Fiberon is a leading U.S. manufacturer of wood-alternative cladding, decking and railing distributed worldwide. Fiberon also provides products like lighting and outdoor furniture, for a complete outdoor experience. Fiberon products are available in a wide range of styles and price points, all providing the warmth and beauty of natural wood without the costly, time-consuming maintenance. With a goal of improving sustainability and environmental responsibility, Fiberon PE decking contains a minimum of 94% recycled content. Fiberon maintains operations in North Carolina and Idaho. For more information, visit www.fiberoncladding.com or call 800-573-8841.

Fiberon is part of the Outdoors & Security division of Fortune Brands Home & Security, Inc. (NYSE: FBHS), a Fortune 500 company, part of the S&P 500 Index and a leader in the home products industry. The Company’s growing portfolio of complementary businesses and innovative brands include Moen and the House of Rohl within the Water Innovations Group, outdoor living and security products from Therma-Tru, LARSON, Fiberon, Master Lock and SentrySafe, and MasterBrand Cabinets’ wide-ranging offerings from Mantra, Diamond, Omega and many more. Visit www.FBHS.com to learn more about FBHS, its brands and how the Company is accelerating its environmental, social and governance (ESG) commitments.

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One Concern Partners with WTW to Bring Climate Resilience Scores to the U.S. Insurance Market

PR Newswire


MENLO PARK, Calif.
, June 16, 2022 /PRNewswire/ — Today, One Concern, a climate analytics company, announced a strategic alliance with WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. The two companies are providing the U.S. insurance market with One Concern Resilience ScoreTM (1CRX™) to facilitate a better understanding of dependency risk and accelerate the adoption of parametric insurance. 

The One Concern Resilience Score indicates the vulnerability a business has concerning downtime arising from the fragility of the infrastructure a business relies upon, such as the power grid, transportation infrastructure, and related community areas, in addition to direct property damage. Incorporating resilience scores into WTW’s client-facing analytical platforms, along with the broking workflow, will present a complete picture of existing building damage analyses, with the potential impact of vulnerable external dependencies.

“We’re thrilled to incorporate our resilience score into WTW’s cutting-edge analytical solutions and demonstrate to clients that the biggest threats to their business derive from climate-related dependency risk,” said Ahmad Wani, Co-Founder and CEO, One Concern. “WTW’s ability to apply the latest in disaster science will enhance their clients’ decision-making process in choosing how best to integrate physical climate risk into their resilience strategy.”

One Concern’s analytics will support and augment WTW clients’ risk analyses and decision-making regarding specific mitigation steps, costs, and benefits, including alternative risk transfer mechanisms.   For example, risk managers and WTW risk advisors can use One Concern insights to suggest pricing adjustments, advise on risk mitigation activities, increase their business resilience to minimize the adverse impact of natural disasters, and secure parametric insurance covers to fill the protection gap they experience when faced with a natural catastrophe.

“We are always looking for ways to help our clients thoroughly understand their risk profile, along with the opportunity for us to bring actionable insights and solutions to help them smartly reduce those risks; the ability to evaluate ‘the outside the fence’ risk dynamic is of critical importance, and now we can do something about it,” said Ben Fidlow, Global Head of Risk Analytics, WTW.  “One Concern’s investment in this area is quite impressive, and we are happy to deliver this new capability to our clients. This will help us reduce the basis risk in traditional property insurance and help our clients create long-term, sustainable resilience plans.”

About One Concern

We’re a technology company building the digital infrastructure for global risk. We map, analyze and monitor every piece of the world’s built environment and its connection to the global economy. Our mission is to make disasters less disastrous. www.oneconcern.com 

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help you sharpen your strategy, enhance organizational resilience, motivate your workforce and maximize performance.

Working shoulder to shoulder with you, we uncover opportunities for sustainable success—and provide perspective that moves you. 

Learn more at wtwco.com.

For media inquiries:
[email protected] 

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