Market Newsdesk

LONDON, Jan. 07, 2025 (GLOBE NEWSWIRE) — Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston (the “Export Terminal Joint Venture”), previously announced on November 15, 2022, with additional information on March 9, 2023 (the “Expansion Project”). Navigator Gas further announces an agreement to acquire three handysize ethylene carriers for a total purchase price of US$ 83.9 million, complementing the increased export capacity from the Export Terminal Joint Venture.

Export Terminal Joint Venture Expansion Project

In line with previous guidance, the Expansion Project was completed on time in late-December 2024 and within budget. Going forward, the flex train is expected to increase ethylene export capacity at Morgan’s Point by at least 550,000 tons to 1.55 million tons per year starting in 2025, and potentially up to a total of 3.2 million tons per year in the coming years. Further, the Expansion Project is anticipated to triple the current instantaneous ethylene refrigeration capacity at Morgan’s Point from 125 tons per hour to 375 tons per hour, providing increased flexibility for customers and the potential to add additional capacity based on demand. The expanded capacity will utilize the Export Terminal Joint Venture’s existing 30,000 ton refrigerated tank which will continue to facilitate loading vessels at Morgan’s Point at 1,000 tons per hour. Additionally, the Joint Venture has signed an increased and extended offtake agreement with its largest offtaker with the additional volumes starting in the first quarter of 2025.

Addition of Three Handysize Ethylene Carriers

To further support the Expansion Project by increasing Navigator Gas’ fleet of ethylene capable vessels, the Company has also entered into agreements with an unrelated third party (together, the “Transaction”) to acquire three German-built 17,000 cubic meter capacity vessels.

Delivery of the vessels under the Transaction is expected to take place between February and May 2025, at the latest. The vessels are anticipated to operate in the spot market upon, or soon after, delivery. The Company does not intend to issue any new capital but plans to finance the acquisitions with a combination of cash on hand and new debt.

The Transaction is subject to customary closing conditions and following its completion, Navigator Gas will own and operate a fleet of 59 vessels, 28 of which will be ethylene and ethane capable.

Mads Peter Zacho, CEO of Navigator Gas comments that:

“Future demand for competitively priced US ethane and ethylene is likely to continue its upward trajectory in the coming years. The ethylene export terminal expansion, and the addition of three handysize ethylene carriers to our fleet, provides us with key capabilities and infrastructure to meet that growing demand. With the most recent offtake agreement set to boost throughput in the near-term, together with the additional vessels, we expect our investments to be accretive to earnings in 2025 and beyond.”

About Navigator Gas

Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. Following acquisition of the above-mentioned vessels, Navigator Gas’ fleet will consist of 59 semi- or fully-refrigerated liquefied gas carriers, 28 of which will be ethylene and ethane capable. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties, connecting the world today, creating a sustainable tomorrow.

Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.

Forward looking statements

This press release contains certain “forward-looking” statements (as defined by the Securities and Exchange Commission) concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “will,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology.

These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include but are not limited to those set forth in the periodic reports Navigator files with the U.S. Securities and Exchange Commission.

All forward-looking statements included in this press release are made only as of the date of this press release. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. We expressly disclaim any obligation to update or revise any forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.

Category: General

BRIDGEWATER, N.J., Jan. 07, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in personal cloud platforms, today announced the launch of the next-generation Synchronoss Personal Cloud™ platform at CES 2025 in Las Vegas.

Available through AT&T, Verizon, and SoftBank, as well as other carriers globally, Synchronoss Personal Cloud makes it easy for users to store and backup photos, videos, and other digital files between mobile devices and the cloud. The white-label cloud solution now supports over 11 million subscribers worldwide, processing upwards of 50 million photos every day, and managing 230 petabytes of storage.

The new version of Synchronoss Personal Cloud delivers significant enhancements including expanded AI-powered photo editing tools and a significantly improved interface, making the user experience even easier, more engaging and fun.

Synchronoss Personal Cloud is purpose-built for service providers and telecom operators, ensuring the utmost data security and privacy. Unlike third-party over-the-top cloud solutions, Synchronoss Personal Cloud does not monitor user behavior nor integrate ads into the user experience. The cross-platform app supports an array of devices and offers a simple storage and fee structure, putting power into the hands of users on how (and what) they want to backup and protect.

“At Synchronoss, we’re committed to helping users protect and optimize their digital lives,” said Jeff Miller, President and CEO of Synchronoss. “With this new version of Synchronoss Personal Cloud, beyond secure storage, we are delivering a platform that empowers subscribers to fully enjoy their digital experiences. The latest enhancements to the platform reaffirm our dedication to innovation and excellence in the cloud market.”

Improved Backup Functionality

For iPhone users, the latest backup enhancements automatically download, backup, and remove original high-resolution photos and videos when iOS Storage Optimization is enabled. This innovative approach ensures content is always up-to-date while maximizing available device storage.

Android users have greater control over their backups with improved folder functionality. Subscribers can now discover and preview third-party app folders directly from the home screen and specify which content to backup.

Enhanced Photo Editing & Optimization

The latest version of Synchronoss Personal Cloud elevates the way users interact with their photos. The “Memories” feature now offers customizable slideshows complete with atmospheric soundtracks, creating an immersive experience for users to share their favorite moments.

The AI-powered Genius photo editing suite continues to push creative boundaries with new tools and features. A dedicated “Edited Photos” album makes it easier than ever to access enhanced images, while an expanded range of Genius Styles includes 3D, Sketch, Anime, Art Style, and Color Pop options. Additionally, the photo editor now includes advanced tools such as a Background Remover, Emojis, and Smart Stickers, providing users with endless customization options.

Meet Synchronoss at CES

Schedule a meeting with Synchronoss executives at CES here: https://synchronoss.com/events/#ces2025

About Synchronoss 

Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.  

Media Relations Contact: 
Domenick Cilea
Springboard
[email protected] 

Investor Relations Contact: 
Ryan Gardella 
ICR for Synchronoss 
[email protected] 

GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) — Qorvo^® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing.

Qorvo’s newest UWB SoC delivers advanced UWB functionality and configurable software that enables automotive designers to tailor unique features that enhance performance and differentiate customer end applications. The QPF5100Q, leveraging over 10 years of Qorvo’s UWB innovation, is designed to meet strict automotive standards.

Eric Creviston, president of Qorvo’s Connectivity and Sensors Group, said, “By offering configurable software, we empower our customers to innovate and compete more effectively, addressing critical needs in the automotive market and the next generation of UWB applications. Our commitment to support customer innovation in automotive technology is at the heart of this new SoC.”

Currently undergoing Design Verification Testing (DVT) with leading automotive manufacturers, the QPF5100Q is set to enter production later this year. This innovative SoC reflects Qorvo’s commitment to delivering cutting-edge automotive UWB solutions, offering low-power operation and high integration to help customers “future-proof” their designs. Built on a robust product roadmap, Qorvo’s automotive UWB solutions feature scalable system architectures and ongoing advancements, ensuring adaptability to evolving industry standards and emerging applications.

Qorvo will showcase its UWB technology at CES 2025 (#CES2025), January 7-10, 2025, Venetian Expo booth 52908. More information about Qorvo’s innovative technologies and links to schedule meetings and interviews at the show can be found on Qorvo’s CES 2025 landing page.

About Qorvo

Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

TERRE HAUTE, Ind., Jan. 07, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), today announced that its wholly owned subsidiary, Hallador Power Company, LLC, executed a Conversion Transaction Commitment Agreement (the “Agreement”) with a leading global data center developer, effective January 2, 2025. This Agreement is in furtherance of the previously announced non-binding term sheet signed during the third quarter of 2024, reflecting an important milestone as both the Company and the developer seek to finalize a definitive transaction agreement to support the delivery of energy and capacity (through a utility partner) to a potential data center development within the State of Indiana.

The Agreement provides exclusivity in negotiations to the counterparty for a period of 105 Business Days (“Exclusivity Period”) and cumulative payments of up to $5 million to Hallador Power Company, LLC, with $1 million due in January, $2 million of payments due in March, if the parties have not satisfied certain conditions precedent to the proposed transaction, and an additional $2 million in June if such conditions precedent have not been satisfied by the end of the Exclusivity Period. The parties will use the Exclusivity Period to finalize selection of a utility partner and to negotiate and complete other definitive agreements related to the proposed transaction. If the Company is successful in executing definitive agreements and once the transaction commences, it is expected to contract the majority of the Company’s energy and capacity at prices higher than the forward curve for more than a decade.

“We are pleased to advance this opportunity with a global leader in data center development,” said Brent Bilsland, CEO of Hallador Energy. “These exclusivity payments highlight the legitimacy of our counterparty and the sincerity of both our companies’ interest in consummating the proposed transaction. We are excited as this Agreement further demonstrates our progress towards forging a strategic relationship that we believe will create significant value for our shareholders for years to come.”

Completion of the proposed transaction is subject to, among other things, finalizing definitive agreements. There can be no assurance that definitive agreements will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.

About Hallador Energy Company

Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at www.halladorenergy.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “guidance,” “target,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. Forward-looking statements include, without limitation, those relating to our ability to execute definitive agreements with respect to the Agreement and the non-binding term sheet with a leading global data center developer. Forward-looking statements are based on current expectations and assumptions and analyses made by Hallador and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Hallador’s annual report on Form 10-K for the year ended December 31, 2023, and other Securities and Exchange Commission filings. Hallador undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.

Company Contact

Marjorie Hargrave
Chief Financial Officer
(303) 917-0777
[email protected]

Investor Relations Contact

Sean Mansouri, CFA
Elevate IR
(720) 330-2829
[email protected]

• Epstein-Barr virus (EBV) causes infectious mononucleosis and is associated with several types of cancer and multiple sclerosis
• There are no current treatments or vaccines for EBV
• First participant dosed with novel investigational EBV vaccine targeting multiple viral proteins in Phase I study

WESTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) — ModeX Therapeutics Inc., an OPKO Health company (NASDAQ: OPK), announces dosing of the first participant in the Phase I study (NCT06655324) of an EBV vaccine candidate being developed in collaboration with Merck, known as MSD outside the United States and Canada. This development triggers an undisclosed cash milestone payment from Merck to ModeX.

“EBV infection can cause serious illness and pose long-term risks of cancer and autoimmunity. Through our collaborators at Merck, human trials to advance a novel vaccine candidate have now begun. Our nanoparticle vaccine aims to stimulate protective immunity in patients and prevent these diseases,” said Gary Nabel, M.D., Ph.D., President and Chief Executive Officer of ModeX and Chief Innovation Officer of OPKO.

The investigational vaccine based on MDX2201 is being evaluated for safety and tolerability in up to 200 healthy adults against EBV.

“We are grateful to the participants and physicians who are actively engaged with Merck in our joint efforts to explore the potential of MDX2201 as a novel vaccine against EBV,” said Elias Zerhouni, M.D., President and Vice Chairman of OPKO. “Our Merck collaboration combines their discovery and clinical development expertise with our innovative and unique technology platform against this latent virus where an approved vaccine could have significant implications for the majority of people around the world.”

About MDX2201

MDX2201 is based on ModeX’s ferritin nanoparticle vaccine platform, which can express as many as 24 copies of a recombinant antigen on its surface to enhance the presentation of key components of the virus and stimulate durable protective immunity. MDX2201 presents antigens from four viral proteins involved in viral entry into host cells. These include a recombinant antigen designed from the proteins gH, gL and gp42, as well as an antigen derived from gp350. By using ModeX’s multi-targeted approach, this combination inhibits infection in two cell types, B cells and epithelial cells, which contrasts from efforts that previously focused on gp350 alone. This EBV vaccine technology was the subject of preclinical data published in May 2022 in Science Translational Medicine.

About Epstein-Barr Virus

Epstein-Barr virus (EBV), a member of the herpes virus family, is one of the most common human viruses. Most people are infected with EBV at some point during their lives. EBV can cause infectious mononucleosis, also called mono, and is associated with other illnesses, including some specific types of cancer and multiple sclerosis. There are currently no FDA approved vaccines or treatments for EBV infection.

About ModeX Therapeutics

ModeX Therapeutics is a clinical-stage biopharmaceutical company developing innovative multispecific biologics for cancer and infectious disease. Its platforms unite the power of multiple biologics in a single molecule to create multispecific antibodies and vaccines with unprecedented versatility and potency in fighting complex disease. The ModeX pipeline includes candidates against both solid and hematologic tumors, as well as several of the world’s most pressing viral threats. Its founding team includes globally recognized medical innovators with proven track records of delivering breakthroughs for patients. ModeX, an OPKO Health company, is based in Weston, Massachusetts. For more information, please visit www.modextx.com.

About OPKO Health, Inc.

OPKO is a multinational biopharmaceutical and diagnostics company that seeks to establish industry-leading positions in large, rapidly growing markets by leveraging its discovery, development, and commercialization expertise and novel and proprietary technologies. For more information, please visit www.opko.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “could,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning, including whether and when the Phase I study will be completed, and whether final study data will be positive and support marketing approval, the ability to develop and commercialize MDX2201, whether MDX2201 is capable of effectively protecting patients against EBV and related disease, whether MDX2201 will be safe, or have any impact on the severity of disease,
expectations regarding the product, its efficacy and
safety
as well as other non-historical statements about our expectations, beliefs or intentions regarding our business, technologies and products, financial condition, strategies or prospects. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our Annual Reports on Form 10-K filed and to be filed with the Securities and Exchange Commission and in our other filings with the Securities and Exchange Commission, as well as liquidity issues and the risks inherent in funding, developing and obtaining regulatory approvals of new, commercially-viable and competitive products and treatments, the success of our relationship with our commercial partners, that earlier clinical results of effectiveness and safety may not be reproducible or indicative of future results, and that currently available over-the-counter and prescription products, as well as products under development by others, may prove to be as or more effective than our products for the indications being studied. In addition, forward-looking statements may also be adversely affected by general market factors, competitive product development, product availability, federal and state regulations and legislation, the regulatory process for new products and indications, manufacturing issues that may arise, patent positions and litigation, among other factors. The forward-looking statements contained in this press release speak only as of the date the statements were made, and we do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.

Contacts:

Investors

Alliance Advisors IR
Yvonne Briggs, 310-691-7100
[email protected]
or
Bruce Voss, 310-691-7100
[email protected]

Media

ModeX Media Relations
[email protected]

1. Dowd, et al. Seroprevalence of Epstein-Barr Virus Infection in US Children Ages 6-19, 2003-2010. doi: 10.1371/journal.pone.0064921

WALNUT, CA, Jan. 07, 2025 (GLOBE NEWSWIRE) — Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced the sublease of a 500,000-square-foot e-commerce facility in Edwardsville, Illinois, part of the St. Louis Metro Area. The facility is located in Gateway Commerce Center, providing immediate access to Interstates 255 and 270 within minutes of Interstates 55, 70, and 64.

The facility features 39-foot clear heights and is equipped with 100% climate control capability through sixteen 50-ton remote terminal units (RTU). The property includes approximately 11,705 square feet of office space with staff break areas and 1,700 square feet of shipping/receiving offices with restrooms. The facility’s infrastructure includes 6,000amp/480V/3-phase power service, 79 dock positions, and two drive-in doors to support high-volume operations.

The Edwardsville location offers significant operational advantages, being just 16 miles from UPS and FedEx Ground hubs and 9-24 miles from CSX, Norfolk Southern, BNSF Railway, and Union Pacific intermodal facilities. The facility is enhanced with modern logistics capabilities, including early suppression, fast response (ESFR) fire suppression, LED lighting, high-volume, low speed (HVLS) fans, two battery charging areas with approximately 40 charging stations, and three backup generators. A dedicated IT/server room features independent HVAC, Halon fire suppression, and UPS systems.

Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, “This strategic sublease in the St. Louis Metro Area enhances our Midwest distribution capabilities. We anticipate that the facility’s technical attributes, coupled with its location in a market that offers access to 70% of the U.S. population within a two-day drive, will enable us better to serve our clients’ evolving e-commerce and logistics needs. Additionally, the area’s strong labor market, featuring a concentration of transportation and warehouse workers in the St. Louis Metro, is expected to support our operational goals.”

About Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With eleven warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology for handling and storing large and bulky items. For more information, please visit www.armlogi.com.          

Forward-Looking Statements

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “intends,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.

Company Contact:

[email protected]

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: [email protected]

ATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) — Gray Media (NYSE: GTN) is thrilled to announce the return of free NHL hockey broadcasts to the St. Louis market and various affiliate stations across the Midwest.   First Alert 4 (KMOV-TV) and its sister station, Matrix Midwest, are proud to partner with the St. Louis Blues to offer a series of games over-the-air during the stretch run of this season: February 22 vs Winnipeg, March 8 at Los Angeles, and March 25 vs. Montreal.   These games will be broadcast in an additional 10 Gray Media markets and Columbia, Missouri, covering more than 4.8 million television households.   This arrangement creates an opportunity for new groups of viewers in the Midwest to watch their favorite hockey team via antenna as well as popular cable, satellite, and streaming providers.

“Considering our long-standing relationship with Gray Media and their presence across the Midwest, they are a perfect partner to help us explore our broadcasting options as part of our ongoing efforts to grow our reach among existing and future Blues fans,” said Chris Zimmerman, Blues President and CEO, Business Operations. “The opportunity to deliver a package of local Blues broadcasts through over-the-air television was a valuable addition to our latest broadcast agreement with FanDuel Sports Network that we look forward to leveraging with these games on KMOV, Matrix Midwest, and the Gray Media multi-state affiliate network.”
                
The games airing on KMOV-TV and Matrix Midwest mark the first time in 15 years that Blues games will be available free to fans on local broadcast television, since the 2008-09 season.

“As a life-long St. Louisan and Blues fan, it’s truly exciting to bring these games to our local platforms once again for our viewers,” said JD Sosnoff, Vice President & General Manager of KMOV-TV & Matrix Midwest.

“Partnerships like this with major sports franchises locally and across the country show Gray Media’s dedication to our community.   What a win for St. Louis and the entire region,” said Mike King, Senior Managing Vice President & Chief Marketing Officer for Gray Media.

The three games, including pre- and post-game coverage, will air live on the following dates and channels in St. Louis:

• Saturday, Feb. 22 vs. Winnipeg Jets – KMOV (channel 4), Matrix Midwest in St. Louis (channel 32 over-the-air and channel 6 on Spectrum cable system)
• Saturday, Mar. 8 at Los Angeles Kings – KMOV (channel 4), Matrix Midwest in St. Louis (channel 32 over-the-air and channel 6 on Spectrum cable system)
• Tuesday, Mar. 25 vs. Montreal Canadiens – Matrix Midwest in St. Louis (channel 32 over-the-air and channel 6 on Spectrum cable system)

To enhance continuity for at-home viewers, the Blues have retained the on-air talent and production crew of FanDuel Sports Network to produce the games that will air across Gray Media’s network of over-the-air stations.

The games will air in St. Louis (KMOV-TV & Matrix Midwest), Kansas City (KCTV & KSMO), Springfield (KYCW), Cape Girardeau (KFVS), Quincy (WGEM), Peoria (WEEK), Topeka (WIBW), Cedar Rapids (KCRG), Davenport (KWQC), Evansville (WFIE), Ottumwa (KYOU), and Columbia (KMIZ, owned by New-Press & Gazette Company).   Check your local listings for exact times, dates, and channels for each game.

About


Gray Media:

Gray Media, or Gray, is a multimedia company headquartered in Atlanta, Georgia, formerly known as Gray Television, Inc.  The company is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 36 percent of US television households. The portfolio includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station, as well as the largest Telemundo Affiliate group with 43 markets totaling nearly 1.5 million Hispanic TV Households.  The company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services.  Gray’s additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. Gray owns a majority interest in Swirl Films. For more information, please visit www.graymedia.com.

Gray Contact:

Sandy Breland, Executive Vice President, Chief Operating Officer, 404-266-8333