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SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Cabaletta Bio, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 29, 2022 – (NASDAQ: CABA)

PR Newswire


NEW YORK
, March 9, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice on behalf of shareholders of Cabaletta Bio, Inc..

Shareholders who purchased shares of CABA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/cabaletta-bio-inc-loss-submission-form/?id=24427&from=4

CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Cabaletta common stock pursuant and/or traceable to documents issued in connection with the Company’s initial public offering conducted on or about October 24, 2019; and/or (b) Cabaletta securities between October 24, 2019 and December 13, 2021, both dates inclusive.

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:  (i) top-line data of the Phase 1 Clinical Trial indicated that Cabaletta’s lead product candidate, DSG3-CAART, had, among other things, worsened certain participants’ disease activity scores and necessitated additional systemic medication to improve disease activity after DSG3-CAART infusion; (ii) accordingly, DSG3-CAART was not as effective as the Company had represented to investors; (iii) therefore, the Company had overstated DSG3-CAART’s clinical and/or commercial prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

DEADLINE: April 29, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/cabaletta-bio-inc-loss-submission-form/?id=24427&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CABA during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 29, 2022. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Cision View original content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-cabaletta-bio-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-april-29-2022–nasdaq-caba-301498070.html

SOURCE The Gross Law Firm

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February 2022’s Most Wanted Malware: Emotet Remains Number One While Trickbot Slips Even Further Down the Index

Check Point Research reveals that Emotet is again the most prevalent malware, while Trickbot falls from second place into sixth. Apache Log4j is no longer the most exploited vulnerability but Education/Research is still the most attacked industry.

SAN CARLOS, Calif., March 09, 2022 (GLOBE NEWSWIRE) — Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published its latest Global Threat Index for February 2022. Researchers report that Emotet is still the most prevalent malware, impacting 5% of organizations worldwide, while Trickbot has slipped even further down the index into sixth place.

Trickbot is a botnet and banking trojan that can steal financial details, account credentials, and personally identifiable information, as well as spread laterally within a network and drop ransomware. During 2021, it appeared at the top of the most prevalent malwares list seven times. During the past few weeks, however, Check Point Research, has noted no new Trickbot campaigns and the malware now ranks sixth in the index. This could be due in part to some Trickbot members joining the Conti ransomware group, as suggested in the recent Conti data leak.

This month, CPR has witnessed cybercriminals taking advantage of the Russia/Ukraine conflict in order to lure people to download malicious attachments, and February’s most prevalent malware, Emotet, has indeed been doing just this, with emails that contain malicious files and the subject “Recall: Ukraine-Russia Military conflict: Welfare of our Ukrainian Crew member”.

“Currently we are seeing a number of malwares, including Emotet, take advantage of the public interest around the Russia/Ukraine conflict by creating email campaigns on the topic that lure people into downloading malicious attachments. It’s important to always check that a sender’s email address is authentic, look out for any misspellings in emails and don’t open attachments or click on links unless you are certain that the email is safe,” said Maya Horowitz, VP Research at Check Point Software.

CPR revealed this month that Education/Research continues to be the most attacked industry globally followed by Government/Military and Internet service provider (ISP) / managed service provider (MSP). “Web Server Exposed Git Repository Information Disclosure” is the most commonly exploited vulnerability, impacting 46% of organizations globally, followed by “Apache Log4j Remote Code Execution” which dropped from first to second place and impacts 44% of organizations worldwide. “HTTP Headers Remote Code Execution” is the third most exploited vulnerability, with a global impact of 41%.


Top Malware Families


*The arrows relate to the change in rank compared to the previous month.

This month, Emotet is still the most prevalent malware impacting 5% of organizations worldwide, closely followed by Formbook which is impacting 3% of organizations and Glupteba which is impacting 2%.

  1. ↔ Emotet – Emotet is an advanced, self-propagating and modular Trojan. Emotet, once used as a banking Trojan, has recently been used as a distributer to other malware or malicious campaigns. It uses multiple methods for maintaining persistence and evasion techniques to avoid detection. In addition, it can be spread through phishing spam emails containing malicious attachments or links.
  2. ↑ Formbook – Formbook is an Info Stealer that harvests credentials from various web browsers, collects screenshots, monitors and logs keystrokes, and can download and execute files according to its C&C orders.
  3. ↑
    Glupteba – Glupteba is a backdoor which gradually matured into a botnet. By 2019 it included a C&C address update mechanism through public BitCoin lists, an integral browser stealer capability and a router exploiter.


Top Attacked Industries Globally

This month Education/Research is the most attacked industry globally, followed by Government/Military and ISP/MSP.

  1. Education/Research
  2. Government/Military
  3. ISP/MSP

 Top Exploited Vulnerabilities

This month “Web Server Exposed Git Repository Information Disclosure” is the most commonly exploited vulnerability, impacting 46% of organizations globally, followed by “Apache Log4j Remote Code Execution” which has dropped from first place to second and impacts 44% of organizations worldwide. “HTTP Headers Remote Code Execution” is the third most exploited vulnerability, with a global impact of 41%.

  1. ↑ Web Server Exposed Git Repository Information Disclosure – An information disclosure vulnerability has been reported in Git Repository. Successful exploitation of this vulnerability could allow an unintentional disclosure of account information.

  2. ↓

    Apache Log4j Remote Code Execution (CVE-2021-44228) – A remote code execution vulnerability exists in Apache Log4j. Successful exploitation of this vulnerability could allow a remote attacker to execute arbitrary code on the affected system.
  3. ↔
    HTTP Headers Remote Code Execution (CVE-2020-10826,CVE-2020-10827,CVE-2020-10828,CVE-2020-13756) – HTTP headers let the client and the server pass additional information with a HTTP request. A remote attacker may use a vulnerable HTTP Header to run arbitrary code on the victim’s machine.


Top Mobile Malwares

This month XLoader is the most prevalent mobile malware, followed by xHelper and AlienBot.

  1. XLoader – XLoader is an Android Spyware and banking Trojan developed by the Yanbian Gang, a Chinese hacker group. This malware uses DNS spoofing to distribute infected Android apps to collect personal and financial information.
  2. xHelper – A malicious application seen in the wild since March 2019, used for downloading other malicious apps and display advertisement. The application can hide itself from the user and reinstalling itself in case it was uninstalled.
  3. AlienBot – AlienBot malware family is a Malware-as-a-Service (MaaS) for Android devices that allows a remote attacker to firstly inject malicious code into legitimate financial applications then allows the attacker to obtain access to the victims’ accounts, and eventually completely control their device.

Check Point’s Global Threat Impact Index and its ThreatCloud Map is powered by Check Point’s ThreatCloud intelligence. ThreatCloud provides real-time threat intelligence derived from hundreds of millions of sensors worldwide, over networks, endpoints and mobiles. The intelligence is enriched with AI-based engines and exclusive research data from Check Point Research, The Intelligence & Research Arm of Check Point Software Technologies.

The complete list of the top 10 malware families in February can be found on the Check Point blog.

Follow Check Point Research via:

Blog: https://research.checkpoint.com/
Twitter: https://twitter.com/_cpresearch_

About Check Point Research

Check Point Research provides leading cyber threat intelligence to Check Point Software customers and the greater intelligence community. The research team collects and analyzes global cyber-attack data stored on ThreatCloud to keep hackers at bay, while ensuring all Check Point products are updated with the latest protections. The research team consists of over 100 analysts and researchers cooperating with other security vendors, law enforcement and various CERTs.

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading provider of cyber security solutions to corporate enterprises and governments globally. Check Point Infinity’s portfolio of solutions protects enterprises and public organizations from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware and other threats. Infinity comprises three core pillars delivering uncompromised security and generation V threat prevention across enterprise environments: Check Point Harmony, for remote users; Check Point CloudGuard, to automatically secure clouds; and Check Point Quantum, to protect network perimeters and datacenters, all controlled by the industry’s most comprehensive, intuitive unified security management. Check Point protects over 100,000 organizations of all sizes.

MEDIA CONTACT: INVESTOR CONTACT:
Emilie Beneitez Lefebvre Kip E. Meintzer
Check Point Software Technologies Check Point Software Technologies
[email protected] [email protected]



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Navico Announces Major Capacity Expansion at Ensenada Manufacturing Facility

EGERSUND, Norway, March 09, 2022 (GLOBE NEWSWIRE) — Navico, a division of Brunswick Corporation’s (NYSE: BC) Advanced Systems Group (ASG), and a leading global marine electronics company with brands including Lowrance®, Simrad®, B&G®, and C-MAP® brands, today announced the planned expansion of its Ensenada, Mexico facility which will be completed over the next 16-18 months. The additional space will be used to increase vertical integration and production capacity to deliver the necessary volume growth to fulfil record demand for Navico’s award-winning products. This marks Navico’s first major expansion since joining Brunswick in October 2021 and it is expected to create more than 100 jobs in the Ensenada community.

The investment will expand the current facility by 35 percent and include the construction of a new 50,500 sq. foot building with 47,200 sq. feet dedicated to additional production space. This is Brunswick’s fifth major expansion announcement in the past year, in total, adding more than one million square feet of manufacturing footprint.

“We continue to build incredible momentum in the business and believe it’s the right time to expand our capacity to boost production of new and existing product lines to serve the increased demand from our customers,” said Knut Frostad, Navico president. “Being part of ASG now for six months has only strengthened our outlook for future growth of product demand from customers, partners and OEM boat builders.”

“This expansion will allow us to vertically integrate to support the continued growth of Navico and support the growing demand for our products which continue to exceed supply,” said Brett Dibkey, Advanced Systems Group president. “We have an immediate need to increase capacity to meet the needs of our global customers and this is an exciting step for ASG to not only increase capacity, but also create new jobs in Ensenada. We are excited to be able to work with the community and help support the local economy while expanding production for our award-winning Navico brands.”

The expansion will include installation of the latest technology for Navico’s production lines to provide its brands with even more capabilities during manufacturing and the ability to support higher tech components in product design.

For more information on the Navico brands, please visit www.lowrance.com, www.simrad-yachting.com, https://www.navico-commercial.com/, www.bandg.com and www.c-map.com.

About Advanced Systems Group

Advanced Systems Group (ASG), a division of Brunswick Corporation, is the world’s leading supplier of products and integrated systems to the marine, RV, and Specialty Vehicle industries. The broad portfolio of market leading brands in power management, digital control and monitoring, electrical components, networking devices and water systems are distributed globally to a diverse aftermarket and OEM customer base. The brand portfolio consists of Ancor, Attwood, B&G, BEP, Blue Sea Systems, C-MAP, CZone, Garelick, Lenco, Lowrance, Marinco, MotorGuide, Mastervolt, ProMariner, RELiON, Simrad and Whale. ASG is driven, every day, to be the world’s most trusted partner to the marine and mobile industries.

About Brunswick

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands such as Simrad, Lowrance, C-MAP, B&G, MotorGuide, Attwood, Mastervolt, RELiON, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and Boat Class. For more information, visit brunswick.com.



Lee Gordon
Vice President – Brunswick Global Communications & Public Affairs
Brunswick Office: 847-735-4003
Mercury Office: 920-924-1808
Cell: 904-860-8848
[email protected]

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Fortis Inc. Releases TCFD and Climate Assessment Report

ST. JOHN’S, Newfoundland and Labrador, March 09, 2022 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) has made significant progress on its commitment as a Task Force for Climate-Related Financial Disclosures (“TCFD”) supporter, with today’s release of its first TCFD and Climate Assessment Report, demonstrating the Corporation’s further alignment with the four pillars of the TCFD framework.

The report includes an analysis of four climate-related scenarios to identify risks and opportunities. Detail is provided on the strong governance and oversight of climate matters in place at Fortis, and how climate-related risks are incorporated into existing risk management, long-term strategy, and financial planning processes. Fortis regularly discloses material climate-related metrics, including the achievement of a 20% emissions reduction toward the Corporation’s Scope 1 emissions reduction target of 75% by 2035 from a 2019 base year. Fortis is well-positioned to mitigate risk and realize opportunities under both the lower and higher carbon climate scenarios.

“The utility sector is in a period of rapid transformation to address the impacts of climate change. At Fortis, we are executing our strategy to ensure we continue to deliver reliable and affordable service to our customers as we transition to a more sustainable, low-carbon economy,” said David Hutchens, President and CEO, Fortis Inc. “The climate-related scenario analysis findings will guide our strategy and actions to combat climate change, identify new opportunities associated with decarbonization, and guide investment in resilient and adaptable infrastructure.”

The climate-related scenario analysis identified several key findings:

  • Policy and regulatory advancements will be required to enable the clean energy transition.
  • Innovation is needed to enable scalable, commercially viable energy solutions, particularly in lower-carbon climate scenarios.
  • Fortis utilities will need to continue to have a strong operational focus on climate adaptation and infrastructure resilience.
  • Customer affordability and system reliability will remain key pillars of the Fortis long-term business strategy as climate change impacts operations.

About Fortis

Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2021 revenue of $9.4 billion and total assets of $58 billion as at December 31, 2021. The Corporation’s 9,100 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com or www.sec.gov.

Forward-Looking Information

Fortis includes forward-looking information in this media release within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively referred to as “forward-looking information”). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as anticipates, believes, budgets, could, estimates, expects, forecasts, intends, may, might, plans, projects, schedule, should, target, will, would and the negative of these terms and other similar terminology or expressions have been used to identify the forward-looking information, which includes, without limitation: the Corporation’s 2035 carbon emissions reduction target and expectations regarding how different climate scenarios may affect the Corporation’s risks and opportunities.

Forward-looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information. Such assumptions include, but are not limited to, reasonable outcomes for regulatory proceedings and the expectation of regulatory stability, and no significant changes in government energy plans, environmental laws and regulations that could have a material negative impact. Fortis cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors should be considered carefully and undue reliance should not be placed on the forward-looking information. For additional information with respect to certain of these risks or factors, reference should be made to the continuous disclosure materials filed by the Corporation from time to time on SEDAR and EDGAR. All forward-looking information herein is given as of the date of this media release. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/8c15a454-9b93-4571-8416-501221d988e7 

For more information, please contact

Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
[email protected]

Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications & Corporate Affairs
Fortis Inc.
709.737.5323
[email protected]



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Allego, a Leading Pan-European EV Fast Charging Network, Sees Strong Momentum in Early First Quarter of 2022

Allego, a Leading Pan-European EV Fast Charging Network, Sees Strong Momentum in Early First Quarter of 2022

PARIS & ARNHEM, Netherlands & NEW YORK–(BUSINESS WIRE)–
HAllego Holding B.V. (“Allego” or “the “Company”), a leading pan-European electric vehicle charging network that announced a business combination with Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), is providing an operational update for the two months ended February 28, 2022. The Company previously offered a business update for the year ended December 31, 2021, on February 7, 2022, providing an update on recent strategic milestones and meeting or exceeding 2021 expectations.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220309005432/en/

Selected Operational Highlights for January and February 2022

  • Allego’s network delivered an average of 10.25GWh per month clean 100% renewable energy to EV drivers in the first two months of 2022, double the level from the comparable prior year two-month period.

  • Total charging sessions in the two-month period ended February 28, 2022 increased 83% from the prior-year period to 1,345,000, as the Company’s proprietary Allamo and EV Cloud platforms position Allego for continued growth. The average number of public charging ports rose 24% compared to the same period in 2021.

  • Utilization rate1, a key performance metric, remains strong with the average two-month utilization rate increasing to 7.6% from 4.3% in the prior-year period, and in line with December’s forecast, despite the effects of seasonality and a 17% price increase implemented on January 1, 2022. The utilization trends remain resilient in March, even with the escalation of geopolitical events. The strong performance is due to accelerating EV adoption in Europe, far exceeding sales in the U.S., and increasing reliance on public charging infrastructure.

  • Total unique users on Allego’s network reached nearly 730,000 at the end of February 2022, increasing 63% year-over-year and almost 10% from year-end 2021. Allego’s network continued to have an approximate 80% recurring rate per month, as the Company benefits from its leading presence across 14 countries and more than 28,000 charging ports.

Mathieu Bonnet, CEO of Allego, commented, “I am pleased with the Company’s operating performance through the first two months of this year as we continue to execute in line with our expectations. Our use of 100% renewable energy, combined with the strong visibility of our secured backlog, positions us well for the balance of 2022. More importantly, as economies diversify their energy sources and EV penetration increases, we are well-positioned to capitalize on our existing scale and blue-chip partnerships.”

The Company is providing this special operational update leading up to the close of its business combination before establishing a more traditional quarterly reporting cadence.

About Allego

Allego delivers charging solutions for electric cars, motors, buses, and trucks for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network that comprises more than 28,000 charge points operational throughout Europe – and proliferating. Since 2018, Allego is part of Meridiam Group, a global long-term sustainable infrastructure developer and investor, which enables the expansion of Allego’s existing global network, services, and technologies. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a complete portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.

About Spartan Acquisition Corp. III

Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value chain. It was formed to enter into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.

Forward-Looking Statements.

All statements other than statements of historical facts contained in this press release (“Press Release”) are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or phrases) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Allego’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Allego. These forward-looking statements are subject to several risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political, and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) risks related to acts of terrorism, war or political or civil unrest in Europe or elsewhere, including the Russian military invasion of Ukraine; and (vii) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not presently know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans, or forecasts of future events and views as of the date of this Press Release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego expressly disclaims any obligation to do so unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date after this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

1Utilization rate is referenced for ultra-fast chargers.

For Allego

Investors

[email protected]

Media

[email protected]

For Spartan Acquisition Corp. III

Investors

[email protected]

Media

[email protected]

KEYWORDS: New York Netherlands North America France United States Europe

INDUSTRY KEYWORDS: Automotive Automotive Manufacturing General Automotive Manufacturing Alternative Energy Energy Alternative Vehicles/Fuels

MEDIA:

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Daqo New Energy’s Subsidiary Xinjiang Daqo Provides Preliminary Estimates of its sales volume in the first quarter of 2022

PR Newswire

SHANGHAI, March 9, 2022 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, whose subsidiary Xinjiang Daqo New Energy (“Xinjiang Daqo”) has provided preliminary estimates of its sales volume in the first quarter of 2022 to the Shanghai Stock Exchange.

Xinjiang Daqo estimates that its sales volume in the first quarter of 2022 would be in the range of 37,000 MT ~38,000 MT, representing a 72.33%~76.98% increase as compared to 21,471 MT in the first quarter of 2021.

The estimated sales volume described above is based solely on the information currently available to Xinjiang Daqo’s management. Its actual results could vary materially from these preliminary estimates. As a result, investors should exercise caution in relying on this information and should not draw any inferences from this information regarding financial or operating data not provided. In addition, the estimated sales volume is not necessarily indicative of the results to be achieved by Xinjiang Daqo in any future period.

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world’s lowest cost producers of high-purity polysilicon.

Daqo New Energy Corp.
Investor Relations
Email: [email protected]

Christensen

In China
Mr. Rene Vanguestaine
Phone: +86 178 1749 0483
[email protected]

In the U.S.

Ms. Linda Bergkamp
Phone: +1-480-614-3004 
Email: [email protected]

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “might,” “guidance” and similar statements. Among other things, the estimated sales volume for the first quarter of 2022 contains forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company’s ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; the Company’s ability to lower its production costs; changes in the political and regulatory environment; and the duration of COVID-19 outbreaks in China and many other countries and the impact of the outbreaks and the quarantines and travel restrictions instituted by relevant governments on economic and market conditions, including potentially weaker global demand for solar PV installations that could adversely affect the Company’s business and financial performance. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/daqo-new-energys-subsidiary-xinjiang-daqo-provides-preliminary-estimates-of-its-sales-volume-in-the-first-quarter-of-2022-301498920.html

SOURCE Daqo New Energy Corp.

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Tidewater Announces the Acquisition of Swire Pacific Offshore, Creating World’s Leading OSV Operator

Tidewater Announces the Acquisition of Swire Pacific Offshore, Creating World’s Leading OSV Operator

HOUSTON–(BUSINESS WIRE)–
Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million (the “Transaction”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220308006419/en/

Strategic Rationale

  • Creates industry’s largest fleet of OSVs: SPO’s fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs; pro forma for the Transaction, Tidewater will own a fleet of 174 OSVs, bringing Tidewater’s total fleet size to 203 vessels, including crew boats, tug boats and maintenance vessels
  • Significant cost synergies: Tidewater has identified approximately $45 million of annual run-rate cost synergies that will be targeted post-consummation of the Transaction
  • Maintains balance sheet strength: pro forma the Transaction, Tidewater will retain the strongest balance sheet in the industry, with approximately $110 million of cash on hand, full access to our existing undrawn $25 million revolving credit facility and financial flexibility under existing indentures
  • Robust earnings leverage: acquired 50 OSVs provides a meaningful expansion of Tidewater’s asset base with which to drive earnings and free cash flow generation as the recovery in the offshore oil & gas market continues to unfold
  • Fleet high-grading: adds 18 large PSVs and 10 large AHTSs to Tidewater’s fleet, with the age profile of large PSVs and large AHTSs improving by 0.6 years and 2.7 years, respectively
  • Compelling valuation: SPO acquired at an attractive valuation compared to fleet appraised value, providing for asset-level value accretion
  • Geographic enhancement and expansion: The Transaction significantly enhances Tidewater’s presence in West Africa, provides for an expansion of its footprint in the rapidly growing Southeast Asia region and is additive to its footprint in the Middle East

Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “The acquisition of Swire Pacific Offshore marks another important milestone in the strengthening of Tidewater’s leadership position as we capitalize on the recovery in the OSV industry. I am excited to have acquired a high-quality fleet with a strong reputation in the maritime sector globally. I believe that the timing of this acquisition will allow Tidewater to capitalize on the continued improvement in the offshore supply vessel market, providing Tidewater with significant additional earnings and free cash flow generation potential as utilization and day rates continue to improve. All 50 acquired vessels are currently active and working throughout the world, allowing Tidewater to immediately leverage this new asset base.

“We see a great deal of industrial synergies in acquiring this fleet and believe we will be able to rapidly integrate these vessels into the existing Tidewater shore base support infrastructure. Further, we believe that we will be able to realize significant synergies at both the G&A and operating expense level of approximately $45 million, from the current run rates, within 24 months from the close of the Transaction.

“The acquired fleet is primarily split among West Africa and Southeast Asia and Middle East. The addition of 25 OSVs in West Africa will nearly double Tidewater’s presence in the rapidly growing region, positioning it as the largest operator of active vessels in the region. Similarly, the addition of the SPO fleet in Southeast Asia and the Middle East positions Tidewater as the largest operator of active vessels across the entire region. The expansion of the Southeast Asia region, with 19 vessels currently operating, provides us with an opportunity to meaningfully participate in the oil & gas vessel market in the near-term and provides a platform with which to pursue offshore wind development expected to advance in the region.

Kneen continued, “Following the financing transactions executed during the fourth quarter of 2021, the buyout of our joint venture partner in Angola, and now the SPO acquisition, we have executed a series of steps that have positioned Tidewater as the world’s leading OSV operator with the cleanest balance sheet in the industry. With our strong financial position, substantial available liquidity, experienced management team and efficient global operations, we are well-positioned to drive utilization and day rates with an expanded fleet of vessels, drive earnings and cash flow generation and pursue opportunities for additional strategic value accretive acquisitions.”

Transaction Terms

Under the terms of the transaction, Tidewater will issue 8,100,000 Jones Act warrants, each of which will be initially exercisable for one share of Tidewater common stock at $0.001 per share, plus a cash payment of $42 million. As of the date hereof, the warrants to be issued in the Transaction would represent, upon exercise, approximately 15.6% of all of Tidewater’s outstanding shares of common stock and existing warrants. The Jones Act warrants to be issued in the Transaction are non-voting, are not entitled to receive any dividends or other distributions, and are otherwise structured to comply with the foreign ownership limitations on the beneficial ownership of Tidewater’s common stock contained in the Merchant Marine Act of 1920, as amended.

The Transaction was unanimously approved by Tidewater’s Board of Directors and is expected to close in the second quarter of 2022.

Advisors

Evercore is serving as financial advisor and Vinson & Elkins L.L.P. is serving as legal counsel to Tidewater.

Conference Call Information

Concurrent with Tidewater’s Q4 and Full Year 2021 earnings call, Tidewater management will host a conference call during which it will provide additional comments on the Transaction. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.844.200.6205 if calling from the U.S. or Canada (+1.929.526.1599 if calling from outside the U.S.) and provide Access Code: 568379 prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater’s website at investor.tdw.com.

About Tidewater

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.

Forward-Looking Statements

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.

Tidewater Inc.

West Gotcher

Vice President,

Finance and Investor Relations

+1.713.470.5285

KEYWORDS: Africa United States North America Texas

INDUSTRY KEYWORDS: Other Energy Maritime Mining/Minerals Oil/Gas Transport Natural Resources Energy

MEDIA:

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LexinFintech Holdings Ltd. to Report Fourth Quarter and Full Year 2021 Unaudited Financial Results on March 15, 2022

SHENZHEN, China, March 09, 2022 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumption and finance platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2021, after the U.S. market closes on Tuesday, March 15, 2022.

The Company’s management will host an earnings conference call at 9:30 P.M. U.S. Eastern time on March 15, 2022 (9:30 A.M. Beijing time on March 16, 2022).

Participants who wish to join the conference call should register online at: 
http://apac.directeventreg.com/registration/event/4574305 

Please note the Conference ID number of 4574305

Once registration is completed, participants will receive the dial-in information for the conference call, an event passcode, and a unique registrant ID number.

Participants joining the conference call should dial in at least 10 minutes before the scheduled start time.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.lexin.com.

A replay of the conference call will be accessible approximately two hours after the conclusion of the live call until March 22, 2022, by dialing the following telephone numbers:

United States:  1 855 452 5696 or 1 646 254 3697
International: 61 2 8199 0299
Replay Access Code:  4574305
   

About LexinFintech Holdings Ltd.

Lexin is a leading online consumption and finance platform in China. Established in 2013, the Company leverages a deep understanding of Chinese consumers and advanced technology capabilities to connect fast-growing consumers with financial institutions.

For more information, please visit http://ir.lexin.com 

To follow us on Twitter, please go to: https://twitter.com/LexinFintech 

For investor and media inquiries, please contact: 

LexinFintech Holdings Ltd.

IR inquiries:
Patricia Cheng
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: [email protected] 

Media inquiries:
Limin Chen
Tel: +86 (755) 3637-8888 ext. 6993
E-mail: [email protected] 

SOURCE LexinFintech Holdings Ltd.

 



Posted on

Huize Holding Limited to Report Fourth Quarter and Full Year 2021 Financial Results on March 18, 2022

SHENZHEN, China, March 09, 2022 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it plans to release its fourth quarter and full year 2021 financial results before the market opens on Friday, March 18, 2022.

The Company’s management team will hold a Direct Event conference call on Friday, March 18, 2022, at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows:

Event Title: Huize Holding Limited Fourth Quarter and Full Year 2021 Earnings Conference Call
   
Conference ID: #1398696
   
Registration Link: http://apac.directeventreg.com/registration/event/1398696
   

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call.

A replay of the conference call will be accessible through March 26, 2022 by dialing the following numbers: (+7)

International: +61-2-8199-0299
Mainland China Toll Free: 400-632-2162
United States Toll Free: +1-855-452-5696
Hong Kong, China Toll Free: 800-963-117
   

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at ir.huize.com.  

About Huize Holding Limited

Huize Holding Limited is a leading digital insurance product and service platform for new generation consumers in China. Targeting the younger generation, Huize is dedicated to serving its insurance clients for their life-long insurance needs. Leveraging its online platform, Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products, and empowers its insurer partners to reach a large fragmented client base in the insurance retail market efficiently and enhance their insurance sales. Huize provides insurance clients with digitalized insurance experience and services, including suitable product recommendations, consulting service, intelligent underwriting and assistance in claim application and settlement, which significantly improve transaction experience.

For more information, please visit http://ir.huize.com.

For investor and media inquiries, please contact:

Investor Relations

Ms. Harriet Hu
Investor Relations Director
+852 3180 9207
[email protected]

Media Relations

[email protected]

Christensen

In China
Ms. Jasmine Zhu
Phone: +852 2117 0861
Email: [email protected]

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]



Posted on

Financial Website Insider Monkey Names Mullen Automotive a Top Penny Stock to Buy in March

BREA, Calif., March 09, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces that a recently published article by Insider Monkey has named $MULN a top penny stock with enormous growth potential to invest in during the month of March 2022. Founded in 2010, Insider Monkey is a finance website that uses a proprietary strategy to identify the best stock picks from exceptional hedge funds and insiders.

“Mullen has tremendous long-term growth potential, and I am glad to see that being recognized,” said David Michery, CEO and chairman of Mullen Automotive. “As mentioned in the article, our work in solid-state EV battery development, with over 600 miles of range, along with 120 technology patents in 24 countries are just a couple among many reasons why folks should have MULN on their radar.”

The Insider Monkey list was curated based on stocks with enormous growth potential in biotech, energy, cybersecurity and other technology sectors. Upcoming growth catalysts, analyst ratings and business fundamentals of each stock were taken into consideration to identify the most exciting ones. The hedge fund sentiment around each stock has been derived from Insider Monkey’s database of 924 elite hedge funds and was provided to give readers better context for their investment choices. The full article is available to read here.

Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and Over the Air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the Mullen FIVE EV crossover to market with the latest technology and in the least amount of time. Mullen FIVE was named “Top Zero Emission SUV” as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where it made its debut.

The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly DifferentTM” and exciting to experience in person.  Learn more about the Mullen FIVE at MullenUSA.com.

About Mullen

Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the Company will achieve its objectives of launching its EV crossover, the FIVE, within anticipated timelines and, if so, whether the FIVE will be a success; and whether the Company’s partnerships with ARRK, Dürr and DSA Systems and Over the Air (OTA) will result in expediting the rollout of the FIVE. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers and parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]