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World Kinect Corporation Announces Proposed Offering of $250 Million Convertible Senior Notes due 2028

World Kinect Corporation Announces Proposed Offering of $250 Million Convertible Senior Notes due 2028

MIAMI–(BUSINESS WIRE)–World Kinect Corporation (NYSE:WKC) (“World Kinect” or “the Company”) announced today that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private offering. The notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). World Kinect also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $37.5 million aggregate principal amount of the notes.

World Kinect intends to use the net proceeds from the offering (i) primarily for general corporate purposes, including the repayment of a portion of the amounts outstanding under the revolving credit facility, (ii) to pay the cost of the convertible note hedge transactions described below (after such cost is partially offset by the proceeds to World Kinect from the sale of the warrant transactions described below), and (iii) to repurchase up to $50 million worth of World Kinect common stock (“common stock”) from purchasers of the notes in this offering. This repurchase of common stock could affect the market price of the common stock concurrently with, or shortly after, the pricing of the notes, and could result in a higher effective conversion price for the notes. If the initial purchasers exercise their option to purchase additional notes, World Kinect expects to enter into additional convertible note hedge transactions and warrant transactions, and intends to use a portion of the net proceeds from the sale of any such additional notes to pay the costs of such additional convertible note hedge transactions (which would be partially offset by the proceeds to World Kinect from the sale of additional warrant transactions). World Kinect intends to use the remainder of the net proceeds from the sale of such additional notes for general corporate purposes, including repayment of additional amounts outstanding under the revolving credit facility.

The notes will be World Kinect’s senior, unsecured obligations. The notes are expected to pay interest semiannually in arrears and to mature on July 1, 2028, unless earlier repurchased, redeemed or converted. World Kinect will satisfy any conversion elections by paying cash up to the aggregate principal amount of the notes to be converted, and paying or delivering, as the case may be, cash, shares of the common stock or a combination of cash and shares of the common stock, at World Kinect’s election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the notes to be converted. The interest rate, initial conversion rate and other terms of the notes will be determined by negotiations between World Kinect and the initial purchasers of the notes.

In connection with the pricing of the notes, World Kinect expects to enter into privately negotiated convertible note hedge agreements with certain of the initial purchasers of the notes or their respective affiliates and/or other financial institutions (the “hedge counterparties”). The convertible note hedge transactions will cover, subject to customary anti-dilution adjustments, the number of shares of common stock that initially underlie the notes, and are expected to reduce the potential dilution to the common stock and/or offset potential cash payments in excess of the principal amount upon conversion of the notes.

World Kinect also expects to enter into warrant transactions with the hedge counterparties relating to the same number of shares of common stock, subject to customary anti-dilution adjustments. The warrant transactions could have a dilutive effect on the common stock to the extent that the market price per share of the common stock exceeds the strike price of the warrants on the applicable expiration dates.

In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the hedge counterparties, or their affiliates, expect to purchase shares of the common stock and/or enter into various derivative transactions with respect to the common stock concurrently with or shortly after the pricing of the notes. These activities could have the effect of increasing, or reducing the size of any decline in, the market price of the common stock or the notes at the time. In addition, the hedge counterparties, or their affiliates, may modify their hedge positions by entering into or unwinding various derivative transactions with respect to the common stock and/or by purchasing or selling the common stock or other securities of World Kinect in secondary market transactions following the pricing of the notes and prior to the maturity of the notes, and are likely to do so during any observation period related to a conversion of notes. The effect, if any, of these activities on the market price of the common stock or the notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could cause or prevent an increase or decline in the market price of the common stock or the notes, which could affect holders’ ability to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the amount of cash and the number and value of shares of the common stock, if any, that holders will receive upon conversion of the notes.

The notes and any shares of the common stock issuable upon conversion of the notes have not been registered under the Securities Act or under any U.S. state securities laws or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About World Kinect Corporation

Headquartered in Miami, Florida, World Kinect Corporation is a leading global energy management company, offering a broad suite of energy advisory, management and fulfillment services, digital and other technology solutions, as well as sustainability products and services across the energy product spectrum. In addition to our core energy offerings to customers in the transportation sector, we have expanded our product and service offerings to include energy advisory services, sustainability and renewable energy solutions, as well as supply fulfillment for natural gas and power. We continue to focus on advancing the energy transition to lower carbon alternatives through expanding our portfolio of energy solutions and providing customers with greater access to sustainably sourced energy.

For more information, visit corp.worldkinect.com

Information Relating to Forward-Looking Statements

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the anticipated amount and use of proceeds and the anticipated terms of the convertible note hedge and warrant transactions. These forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission (“SEC”) filings, including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. Actual results may differ materially from any forward-looking statements due to risks and uncertainties, including, but not limited to: market conditions, including market interest rates, market demand for the notes being issued, the trading price and volatility of our common stock and other risks that could affect the creditworthiness of the Company and the ability of the Company to complete the offering on the anticipated terms, if at all. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events, or otherwise, except as required by law.

Ira M. Birns

Executive Vice President & Chief Financial Officer

Elsa Ballard

Vice President of Investor Relations

[email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Other Energy Utilities Oil/Gas Sustainability Alternative Energy Energy Environment Trucking Green Technology Maritime Air Transport Logistics/Supply Chain Management

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Henry Schein Donates Health Care Products to Support Special Olympics Healthy Athletes® Screenings at Special Olympics World Games Berlin 2023

Henry Schein Donates Health Care Products to Support Special Olympics Healthy Athletes® Screenings at Special Olympics World Games Berlin 2023

With This Donation, The Company Promotes Wellness and Health Education for Athletes with Intellectual Disabilities Around The World

MELVILLE, N.Y. & BERLIN & LANGEN, Germany–(BUSINESS WIRE)–
Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, will support the Special Olympics Healthy Athletes® screenings at the Special Olympics World Games, that take place from 17 to 25 June 2023 in Berlin, Germany, by donating a range of oral health and medical products essential to overall health and wellness. The Healthy Athletes program offers health screenings and education to participating Special Olympics athletes with the goal of promoting healthy lifestyle choices and identifying problems that may need additional follow-up care.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230620284688/en/

Special Olympics/Dillon Vibes – Opening Ceremony of the Special Olympics World Games 2023 in Berlin. (Photo: Business Wire)

Special Olympics/Dillon Vibes – Opening Ceremony of the Special Olympics World Games 2023 in Berlin. (Photo: Business Wire)

Henry Schein has supported Special Olympics since 2018 donating essential health care products to support programs in the United States, Canada, Germany, Israel, Jamaica, and the United Kingdom. Through this partnership, the Company has been named a Special Olympics health provider partner.

According to Special Olympics, an organization recognized by the International Olympic Committee, people with intellectual disabilities are frequently among the most medically vulnerable populations in any country, despite severe need and higher health risks.

“Thanks to our long-term partnership with Henry Schein and their continuous contribution of health care products to our Healthy Athletes program, we were able to strengthen our ability to provide the high-quality health screenings that our athletes need while also drawing attention to the health issues faced by people with intellectual disabilities,” said Annemarie Hill, Special Olympics Senior Vice President, Global Health Operations. “Henry Schein and Special Olympics share the belief that all people deserve quality health care regardless of their differences.”

Henry Schein’s donations will be used during the Special Olympic World Games for screenings in five of the Healthy Athletes disciplines, including Special Smiles, which provides athletes with comprehensive oral health care information, free dental screenings, instructions on proper brushing and flossing techniques, and if needed, a referral to a dental care provider at home trained to treat people with intellectual disabilities. Henry Schein’s donations also support Fit Feet (podiatry), FUNFitness (physical therapy), Health Promotion (prevention and nutrition), and Strong Minds (emotional health).

“Advancing health equity and expanding access to care for those in need closely aligns with our belief in the power of wellness, prevention, treatment, and education,” said Jennifer Kim Field, Chief Sustainability Officer at Henry Schein. “We believe that overall health and oral health are closely connected. Knowing that people with intellectual disabilities are often at higher risk for additional health limitations, we are encouraged that this program provides convenient access to optimum health care. We are honored to once again join with Special Olympics and support a program that enables health professionals to help set athletes with intellectual disabilities on the path to a lifetime of good overall health.”

Since its inception in 1997, Healthy Athletes has delivered over two million free health screenings and trained over 300,000 health care professionals, clinical volunteers, and students in using adapted screening protocols and in communicating effectively with people with intellectual disabilities. These trainings also aid in building the health care community’s capacity to serve the needs of people with intellectual disabilities outside of Special Olympics events, as providers take these skills back to their practices and provide higher quality health care to people with intellectual disabilities – not just Special Olympic athletes – in their communities.

The donations to Special Olympics Healthy Athletes are an initiative of Henry Schein Cares, the company’s global corporate social responsibility program.

About Henry Schein Cares

Henry Schein Cares stands on five pillars: empowering Team Schein to reach their potential, advancing health equity and expanding access to care for underserved communities, accelerating environmental sustainability, strengthening and diversifying our supply chain, and maintaining strong ethical governance. Health care activities supported by Henry Schein Cares focus on four main areas: (1) wellness, treatment, prevention, and education; (2) capacity building; (3) emergency preparedness and disaster response; and (4) health system strengthening.

Rooted in a deep commitment to social responsibility and the philosophy of enlightened self-interest championed by Benjamin Franklin, the purpose-driven vision of Henry Schein Cares is “doing well by doing good.” Our commitment to sustained, long-term economic success while also creating shared value for society is achieved through the work of Henry Schein Cares and our stakeholder model that engages all five constituents of our Mosaic of Success. To learn more about how we are making a difference, please visit: www.henryschein.com/corporatecitizenship.

About Henry Schein

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 22,000 Team Schein Members worldwide, the Company’s network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our distribution centers.

A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 32 countries and territories. The Company’s sales reached $12.6 billion in 2022, and have grown at a compound annual rate of approximately 12.1 percent since Henry Schein became a public company in 1995. For more information, visit Henry Schein at www.henryschein.com.

About Special Olympics International

Founded in 1968, Special Olympics is a global movement to end discrimination against people with intellectual disabilities. We foster acceptance of all people through the power of sport and programming in education, health and leadership. With more than six million athletes and Unified Sports partners and one million coaches and volunteers in over 200 accredited Programmes, Special Olympics delivers more than 30 Olympic-type sports and over 100,000 games and competitions every year. Engage with us on: Twitter, Facebook, YouTube, Instagram, LinkedIn and our blog on Medium. Learn more at www.SpecialOlympics.org

Ann Marie Gothard

Vice President, Global Corporate Media Relations

Email: [email protected]; Phone: +1 (631) 390-8169

Stefanie Fleige

Director, Corporate Media Relations EMEA, Henry Schein

Email: [email protected]; Phone: +49 40 65668 691

KEYWORDS: Germany Europe United States North America New York

INDUSTRY KEYWORDS: Other Sports Olympics General Sports Health Consumer Professional Services People with Disabilities Environmental, Social and Governance (ESG) Other Philanthropy Philanthropy Sports Medical Devices Foundation Dental

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Special Olympics/Dillon Vibes – Opening Ceremony of the Special Olympics World Games 2023 in Berlin. (Photo: Business Wire)
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Let Sweetness Ring! KRISPY KREME® Introduces New Fourth of July ‘Stars and Stripes Dozen,’ Beginning June 21

Let Sweetness Ring! KRISPY KREME® Introduces New Fourth of July ‘Stars and Stripes Dozen,’ Beginning June 21

Guests can also celebrate the holiday and get a free Original Glazed® doughnut July 4 if they dress in red, white, and blue

CHARLOTTE, N.C.–(BUSINESS WIRE)–
This Fourth of July, Krispy Kreme® is letting sweetness ring across the land with an all-new Stars and Stripes Dozen, perfect for Independence Day celebrations and summer gatherings.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230621040929/en/

Guests can also celebrate the holiday and get a free Original Glazed® doughnut July 4 if they dress in red, white, and blue. (Photo: Business Wire)

Guests can also celebrate the holiday and get a free Original Glazed® doughnut July 4 if they dress in red, white, and blue. (Photo: Business Wire)

Beginning today, June 21, for a limited time, the Stars and Stripes Dozen, which features three all-new doughnuts, will be available to purchase individually or by the dozen in a custom, Fourth of July-themed box:

  • NEW Red Velvet Sparkler Doughnut – a Red Velvet Cake doughnut topped with cream cheese icing and a stars and pearls sprinkle blend.
  • NEW Freedom Flag Doughnut – an Original Glazed® doughnut dipped in red icing and decorated like an American flag with a blue and white sprinkle blend, and white icing stripes.
  • NEW All-American Apple Pie Doughnut – an unglazed shell filled with Apple Cinnamon filling, dipped in caramel icing and a graham cracker crumb, finished with a drizzle of white icing.

“Family, friends, food, fireworks … the Fourth of July is so much fun, and our new Stars and Stripes doughnuts will let sweetness ring at any gathering – from backyard barbeques to lined sidewalks at neighborhood and community parades across the land,” said Dave Skena, Global Chief Brand Officer for Krispy Kreme.

Of course, no celebration is complete without some sweet generosity! On July 4 fans who wear red, white and blue to participating Krispy Kreme shops across the land can enjoy a FREE Original Glazed doughnut.

Krispy Kreme’s Stars and Stripes Dozenis available in-shop and for pickup or delivery via Krispy Kreme’s app and website at participating shops across the U.S.

Doughnut lovers can also find a limited time Krispy Kreme 6-pack featuring the Red Velvet Sparkler Doughnut, Freedom Flag Doughnut and Chocolate Iced with Fourth of July Sprinkles Doughnut delivered fresh daily to select grocery stores. Find the 6-pack doughnut assortment at many local Walmart, Kroger, Food Lion, Publix, Stater Brothers, Wakefern and more stores. Visit www.krispykreme.com/locate/location-search#grocery to find a shop or grocery store location near you.

Use #KrispyKreme and tag @krispykreme to show how you’re letting sweetness ring this Fourth of July. For more information on Krispy Kreme’s Stars and Stripes Dozen, visit http://www.krispykreme.com/promos/july4th.

About Krispy Kreme

Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in over 30 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing Ecommerce and delivery business with nearly 12,000 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities and the planet. Connect with Krispy Kreme Doughnuts at www.KrispyKreme.com, or on one of its many social media channels, including www.Facebook.com/KrispyKreme and www.Twitter.com/KrispyKreme.

Lizzie Duffey

[email protected]

KEYWORDS: North Carolina United States North America

INDUSTRY KEYWORDS: Restaurant/Bar Other Retail Specialty Family Food/Beverage Consumer Other Consumer Retail

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Guests can also celebrate the holiday and get a free Original Glazed® doughnut July 4 if they dress in red, white, and blue. (Photo: Business Wire)
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Dollar Tree, Inc. 2023 Investor Conference to Outline Growth Strategies, Multi-Year Financial Outlook, and Expectations of Future Cash Available for Capital Allocation

Dollar Tree, Inc. 2023 Investor Conference to Outline Growth Strategies, Multi-Year Financial Outlook, and Expectations of Future Cash Available for Capital Allocation

CHESAPEAKE, Va.–(BUSINESS WIRE)–
Dollar Tree, Inc. (NASDAQ: DLTR) will host its 2023 Investor Conference in Norfolk, Va., today to discuss the Company’s strategy and financial outlook.

The event will feature presentations by Chairman & Chief Executive Officer Rick Dreiling, Chief Financial Officer Jeff Davis, and members of the Company’s executive management team. The presentations will provide an in-depth overview of the Company and its business segments, including growth strategies, financial objectives, multi-year outlook, and expectations of future cash available for capital allocation.

The executive team will share the Company’s strategy and execution plans for:

  • Improving sales productivity and enhancing margins at Family Dollar

  • Extending the multi-price journey at Dollar Tree

  • Operating with excellence and store development throughout the enterprise

  • Developing capabilities across supply chain, technology, and people

  • Achieving $10+ Earnings per Share (EPS) in FY 2026

“Dollar Tree is on an exciting path of accelerating sales and profit. We have compelling plans in place to deliver expanded value assortment across multiple price points, enhance store standards for our customers, and add new technology and capabilities to accelerate progress with our supply chain and people development,” said Dreiling. “As we pursue these initiatives, we are confident in our ability to achieve mid-single-digit comparable-store sales growth, gain market share, and expand our footprint. Achieving these results should drive substantial operating profit improvement across both banners, deliver EPS of $10 or more in fiscal year 2026, and produce significant available cash for shareholders. As we embark on this path forward, I truly believe that we have the strongest and most experienced executive team in the industry leading this transformation.”

In addition to outlining its strategy and financial outlook at today’s Investor Conference, the Company is reaffirming its outlook for second quarter and fiscal 2023:

Second Quarter 2023:

  • Consolidated net sales of $7.0 billion to $7.2 billion

  • Mid-single-digit increases in same-store sales for the enterprise and for the Dollar Tree and Family Dollar segments.

  • Diluted EPS of $0.79 to $0.89

Fiscal 2023:

  • Consolidated net Sales of $30.0 billion to $30.5 billion

  • Low- to mid-single digit same-store sales increase for the enterprise, comprised of a low- to mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment.

  • Selling square footage growth of 3.0 to 3.5 percent, with new store growth back-end weighted

  • Diluted EPS of $5.73 to $6.13(1)

    (1)     Includes an expected benefit of $0.29 from the contribution of a 53rd week and the $0.12 legal reserve charge taken in the first quarter.

A live webcast of the entire event, including an executive question-and-answer session, will begin at 8:00 a.m. Eastern Time and will be accessible via the IR Calendar in the “News and Events” section of the Company’s investor relations website at https://corporate.dollartree.com/investors. The corresponding presentation slides and webcast replay will be posted in the same section of the company’s investor relations website.

About Dollar Tree, Inc.

Dollar Tree, a Fortune 200 Company, operated 16,419 stores across 48 states and five Canadian provinces as of April 29, 2023. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995, concerning our business and outlook. These forward-looking statements can be identified by the fact that they address future events, plans, expectations, developments, or results and do not relate strictly to historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followed by, or including words such as: “believe”, “anticipate”, “expect”, “intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”, “should”, “predict”, “possible”, “potential”, “continue”, “strategy” and similar expressions. For example, our forward-looking statements include statements relating to our business and financial outlook for fiscal 2023, including without limitation our expectations regarding net sales, comparable store sales and diluted earnings per share for the second fiscal quarter and full fiscal year 2023, and various factors that are expected to impact our outlook; our selling square footage for fiscal 2023; our earnings per share for fiscal year 2026; other plans and expectations regarding our business, including various initiatives and investments in multi-price assortments at Dollar Tree, product assortment generally, store standards and operations, supply chain, technology and workforce; the impact of these initiatives and investments on and expectations regarding the company’s performance, sales, margins, productivity, profitability, cashflow and prospects for long-term growth; and our other plans, objectives, expectations (financial and otherwise) and intentions. These statements are subject to risks and uncertainties, and our actual results may differ materially from those indicated in these statements. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the “Risk Factors,” “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in our Annual Report on Form 10-K filed March 10, 2023, our Form 10-Q for the most recently ended fiscal quarter and other filings we make from time to time with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this press release and you should not expect us to do so.

Investors:

Robert A. LaFleur

Senior Vice President, Investor Relations

757-991-5645

Media:

Kristin Tetreault

Senior Vice President and Chief Communications Officer

757-910-6840

DLTR-G

KEYWORDS: District of Columbia Virginia United States North America

INDUSTRY KEYWORDS: Home Goods Online Retail Other Retail Discount/Variety Retail

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Constellium awarded ‘Best Performer’ by Airbus

PARIS, June 21, 2023 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) announces today that it has won the “Best Performer Award” by Airbus.

This award recognizes overall performance in terms of quality and delivery in the Material & Parts category, the continuous adaptation to the production ramps, and the strong industrial maturity of both of our France-based aerospace facilities, Montreuil-Juigné and Issoire.

Constellium supplies Airbus with a broad range of advanced aluminium rolled and extruded products, including its proprietary aluminium-lithium alloy solution Airware®.

“We are honored to be recognized by Airbus with its Best Performer Award. This recognition is a testimony to our long-standing partnership with Airbus, and recognizes our excellence in serving our customer’s operations,” said Ingrid Joerg, President of Aerospace and Transportation at Constellium. “We look forward to continuing our hard work to maintain best-in-class performance and to further grow our privileged relationship.”

“The 2022 Best Performer award Constellium has received is the confirmation and the recognition of their continuous implementation of SQIP projects aiming at improving quality and supply chain performances,” said Mihaela TURTOI, Supply Chain & Quality Manager Procurement Operations Materials – Aluminium at Airbus. 

Constellium supports all leading aircraft programs of Airbus with advanced aerospace solutions from its facilities in Issoire and Montreuil Juigné in France, and Ravenswood, West Virginia, USA. The three plants form an integrated industrial platform with unique aerospace capabilities.

About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €8.1 billion of revenue in 2022.

Jason Hershiser– Investor Relations Delphine Dahan-Kocher – Communications
Phone: +1 (443) 988-0600 Phone: +1 443 420 7860
[email protected] [email protected]



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Check Point Software and Everphone Announce a New Strategic Partnership to Protect Corporate Smartphones

Strategic Partnership Integrates Check Point Harmony Mobile with Everphone’s Device-as-a-Service (DaaS) Solution for Comprehensive Cybersecurity

SAN CARLOS, Calif. and BERLIN, June 21, 2023 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, and Everphone, a leading provider of Device as a Service (DaaS), have announced a collaboration in the area of advanced threat prevention for corporate smartphones. The collaboration will see Everphone enhance its DaaS solution by integrating Check Point Harmony Mobile, an industry-leading Mobile Threat Defense (MTD) solution that offers comprehensive protection against a wide range of cyber threats.

Amidst a surge in cyber threats leading to a staggering 200 billion euros in damages to German corporations alone in 2022, Everphone, managing over 300,000 active company devices, reinforces its commitment to enhanced cybersecurity through this partnership. Harmony Mobile seamlessly integrates with all major Mobile Device Management (MDM) and Unified Endpoint Management (UEM) systems in a time-saving, decentralized zero-touch process. This comprehensive integration ensures that each device is fully protected from the outset, even before they leave the Everphone workshop.

“For us as a municipality, we have identified the issue of cybersecurity as particularly critical and relevant. As an Everphone customer, we were able to easily implement Harmony Mobile on our smartphones and tablets overnight. As a result, we have now significantly increased the level of security on our mobile devices as well,” says Dominik Dornhardt, IT project manager at Stadt Erkelenz.

Everphone’s pioneering DaaS solution has revolutionized the way organizations procure, roll out, and manage mobile devices. Everphone’s comprehensive lifecycle management, innovative mobile security measures, compliance, superior user experience, and end-to-end logistics not only provide relief to IT departments but also empower employees by allowing them to use these devices for personal needs.

“Mobile security has never been as critical as it is today. This partnership aims to safeguard organizations from evolving cyber threats by blending Harmony Mobile’s robust protection with Everphone’s DaaS offering. This unique collaboration paves the way for a new benchmark in mobile security, delivering a seamless and secure user experience without compromising productivity,” said Sherif Seddik, President EMEA Sales at Check Point Software Technologies.

“Our alliance with Check Point Software Technologies not only affirms Everphone’s commitment to robust cybersecurity but also enriches our service portfolio. We understand that for our customers, the security of their corporate devices is a top priority. This partnership allows Everphone to provide an all-in-one solution—ranging from procurement to replacement, now further fortified with advanced cybersecurity measures,” added Mehmet Isik, COO at Everphone.

In synergy with Everphone’s DaaS solution, Check Point’s Harmony Mobile offers advanced threat prevention, secure connectivity, app security, and data loss prevention, among other features. Harmony Mobile provides an encompassing security solution that protects corporate mobile devices across all attack vectors (apps, network, files, and OS), efficiently shielding them against malware, securing connections, controlling app usage, preventing data loss, ensuring compliance, and actively detecting mobile threats. Additionally, Harmony Mobile deploys and scales quickly, without impacting employee privacy and productivity.

For more information about this strategic partnership and the services offered, please visit: https://everphone.com/en/service/check-point-harmony-mobile/

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 organisations 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.

Follow Check Point Software via:
Twitter: https://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
YouTube: https://www.youtube.com/user/CPGlobal
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies 

About Everphone

Everphone is revolutionizing the corporate world with its cutting-edge Device-as-a-Service (DaaS) offering. The comprehensive solution handles everything from procurement to management and replacement of mobile devices for organizations, effectively easing the load on IT departments. With a flexible subscription model, top-notch security features, and a robust support structure, Everphone is setting new standards in device management.

MEDIA CONTACT:

Emilie Beneitez Lefebvre

Check Point Software Technologies
[email protected]		 INVESTOR CONTACT:

Kip E. Meintzer

Check Point Software Technologies
[email protected]



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Coherent Introduces Industry-First Pump Laser Diode With Record 65 W Power

PITTSBURGH, June 21, 2023 (GLOBE NEWSWIRE) — Coherent Corp. (NYSE: COHR), a leader in high-power semiconductor lasers, today announced the introduction of its next-generation pump laser diode, with 65 W of output power for fiber lasers in industrial and consumer applications.

Handheld fiber laser welding is increasingly replacing arc welding as the technology of choice, driving strong demand for components that enable cost-efficient designs. The new laser diode from Coherent reliably achieves an industry-record 65 W of output power, 30% more than that of the existing products, yet with lower operating current. These unique features, combined with the diode’s compatibility with existing submounts, enable a wide range of extremely low-cost fiber laser design architectures.

“We believe that this is the first commercially available pump laser diode in the industry to achieve 65 W of output power, surpassing our previous-record 50 W diode that we introduced at Photonics West in January,” said Dr. Karlheinz Gulden, Senior Vice President, Laser Components and Subsystems Business Unit. “While the conventional wisdom is that at these power levels more expensive ceramic submounts are required, this is not the case with our laser design because we were able to lower the operating current even as we increased the output power. This, in addition to the record-breaking output power, is what makes it such a unique and compelling product.”

The 65 W laser diodes are based on a vertically integrated 6-inch gallium arsenide technology platform with decades of field-proven reliability. They are available at 915 nm and 975 nm as bare dies or chips on ceramic submounts to meet customer requirements. The chips include Coherent’s proprietary E2 front mirror passivation that prevents catastrophic damage to the laser, even at extremely high output powers. The 65 W laser diodes will be available in fall 2023.

Coherent’s broad portfolio of components for fiber lasers includes seed lasers, ytterbium-doped double-clad fiber, acousto-optic modulators, fiber Bragg gratings, kilowatt pump and signal combiners, as well as IBS-coated laser optics and micro-optics for high-power isolators.

Coherent will exhibit at Laser World of Photonics, in Munich, Germany, June 27-30, stand B3.321; Laser Korea, in Seoul, July 5-7, stand 4101; and Laser World of Photonics China, in Shanghai, stand 8.1D240, July 11-13. At these conferences, Coherent will showcase the most recent additions to its broad portfolio of differentiated solutions for materials processing.


About Coherent

Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Headquartered in Saxonburg, Pennsylvania, Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at coherent.com.


Contact

Mark Lourie
Vice President, Corporate Communications
[email protected]



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Old Mutual Completes All-In Migration to AWS

Old Mutual Completes All-In Migration to AWS

The premier pan-African financial services group is establishing a foundation for digital transformation on AWS—accelerating innovation, reducing IT infrastructure costs, and harnessing machine learning to deliver more personalized customer experiences

SEATTLE–(BUSINESS WIRE)–
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Old Mutual has closed its on-premises data centers and migrated its entire information technology (IT) infrastructure, including its banking, insurance, and wealth management systems, to AWS. The migration represents a significant step in Old Mutual’s digital transformation. Old Mutual is using AWS’s proven, secure, and highly performant infrastructure to decrease financial transaction processing time by two-thirds, reduce downtime by 50%, streamline the development of new and more relevant insurance products, and drive innovation across its business with machine learning (ML).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230621435504/en/

The full migration to AWS involved moving more than 2,000 on-premises servers, 215 applications, 1,786 databases, and more than 500 websites. The move will accelerate innovation, at a time of global economic uncertainty, by reducing the time required for new application testing from months to minutes.

With its cloud migration complete, Old Mutual will use AWS capabilities to better anticipate customer needs and develop the next generation of financial products and experiences. The company will leverage AWS ML and generative artificial intelligence (AI) services—including Amazon SageMaker, a fully managed service to build, train, and deploy ML models—to generate real-time, personalized financial forecasting and recommendations for customers. Examples of benefits include the ability to anticipate changing savings needs as customers approach retirement, recommend insurance products based on changing income levels and life stages, and help entrepreneurs plan for investing their incomes as their businesses grow. The personalization services are made possible by the expansion of Information Fabric, the data lake that Old Mutual established on AWS. The single, consistent view of customers provided by Information Fabric enables individualized recommendations and more seamless, intuitive customer experiences, including combined client rewards programs that enable points earned in one area of the business to be redeemed through another.

Old Mutual is also incorporating AWS training into management courses to help senior managers and leaders across the business to adopt a cloud-first mindset and product development strategy. Since 2019, 50% of the financial group’s business and technical leaders have earned at least one AWS Certification. Cloud-first thinking is informing Old Mutual’s expansion strategy across the 14 countries its pan-African operations serve. Innovative partnerships with cloud-first vendors, such as the API management platform Kong Konnect and the data management platform Tamr Cloud, will help to improve financial accessibility in these markets through innovative banking as a service (BaaS) solutions.

“Daily server outages. Disconnected financial products. Ballooning on-premises costs. Those are all challenges we leave behind as we go all-in on AWS,” said May Govender, acting chief information officer for Old Mutual Limited. “Our AWS digital infrastructure has become the backbone of reliable service—a launchpad for future growth. AWS is helping us imagine new possibilities at every level, providing us with a suite of innovative services like generative AI that will spur new customer experiences that can differentiate Old Mutual in the future.”

“The completion of Old Mutual’s all-in migration to AWS represents the next chapter of their digital transformation, and we’re excited to help them harness their momentum in the cloud to unlock new innovations,” said Chris Erasmus, country manager at AWS. “Old Mutual is using our leading infrastructure to increase performance, reduce processing times, streamline operations, simplify customer experiences, and reduce costs. AWS will continue to collaborate with Old Mutual as they deliver the next generation of financial products.”

Since 2014, Old Mutual has leveraged AWS’s broad portfolio of cloud services, including compute, storage, analytics, and databases, to digitally transform the business and unlock innovation for customers. In 2019, the company selected AWS as its preferred cloud provider and launched its ambitious migration project.

About Amazon Web Services

Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 99 Availability Zones within 31 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Canada, Israel, Malaysia, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 14 countries. Old Mutual’s primary operations are on the African continent, and it has a niche business in Asia. With almost 178 years of heritage across sub-Saharan Africa, Old Mutual continues to play a crucial part of the communities it serves as well as in broader society. For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

Amazon.com, Inc.

Media Hotline

[email protected]

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KEYWORDS: Africa United States North America Washington

INDUSTRY KEYWORDS: Data Management Banking Education Technology Professional Services Training Software Artificial Intelligence Internet Insurance Finance

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VIDEO: CNH Industrial supports coastline clean-up  

We are resolved to care for our coastlines and want to inspire others to do 
the same.
Find the full story on

cnhindustrial.com

London, June 21, 2023

Meet Barry Palmer, Secretary of the Canvey Bay Watch in the United Kingdom. They are part of a European Beach Care initiative wherein CNH Industrial, through our CASE Construction Equipment brand, works to keep some of the EU’s coastlines clean.

The Beach Care Project raises awareness of the damaging impact plastic has on the marine environment, promotes the preservation of beach ecosystems and organizes beach clean-up operations. The video takes you to France, Italy, Spain, and the United Kingdom, showing how the multi-generational project has inspired young children right though to retirees.

Hear from experts, including an ecologist, marine researcher, and coastguard, who explain the environmental, social, touristic, and economic importance of beaches.

This project further demonstrates CNH Industrial’s commitment to sound, progressive environmental stewardship through concrete actions that deliver real results.

Watch our film at bit.ly/BreakingNewGround_en


CNH Industrial

(NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally,

Case IH

and

New Holland Agriculture

supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and

CASE

and

New Holland Construction Equipment

deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include:

STEYR

, for agricultural tractors;

Raven

, a leader in digital agriculture, precision technology and the development of autonomous systems;

Flexi-Coil

, specializing in tillage and seeding systems;

Miller

, manufacturing application equipment;

Kongskilde

, providing tillage, seeding and hay & forage implements; and

Eurocomach,

producing a wide range of
mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s
40
,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit:

cnhindustrial.com

For news from CNH Industrial and its Brands visit:

media.cnhindustrial.com

Media contacts:

Rebecca Fabian         Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

[email protected]

 

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MSCI Launches Portfolio Customization Solution to Enable Portfolio Managers to Personalize SMAs for Clients

MSCI Launches Portfolio Customization Solution to Enable Portfolio Managers to Personalize SMAs for Clients

Quantitative Investment Solutions enable investment advisers to meet growing investor demand for cost-effective tax management, tailored strategies

NEW YORK–(BUSINESS WIRE)–
MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced the launch of Quantitative Investment Solutions (QIS) – a new set of tools to help portfolio managers customize separately managed account (SMA) portfolios efficiently and at scale.

Using MSCI QIS, managers can tailor portfolios to their clients’ specific values and investment goals quickly and efficiently. In addition to tax requirements, managers that offer SMAs can implement customization requests spanning single company exclusions, industry exclusions, ESG and style preferences.

The QIS toolkit includes a portfolio construction service for separate account management that enables equity portfolio managers at asset managers and other investment advisers to manage tax implications for their clients across different scenarios, – such as close model tracking, tax neutral, or tax loss maximization, – in addition to providing daily updates that show proposed trades for different accounts based on the clients’ investment objectives.

MSCI QIS gives portfolio managers access to unique tax strategy templates, enabling them to select and apply a variety of constraints and objectives that match their client’s current tax and exposure considerations.

Through cloud-based technology, QIS links the MSCI tax optimization tool to MSCI’s indexes, ESG ratings, carbon emissions and factor models to allow portfolio managers to implement unique portfolio requests from clients in an efficient manner.

Asset managers are challenged to meet the growing demand for SMAs across their client base. The implementation of custom requirements for SMAs is highly labor intensive and requires integrations of various technological systems and teams in such ways that create operational risks.

Mark Carver, Head of Equity Portfolio Management and Equity Factors at MSCI, said: “In an age where customization is in demand in every facet of business, portfolio managers are constantly being faced with the challenge of balancing multiple investment objectives to address an individual client’s needs. Whether it’s reflecting their personal preferences with respect to investment strategies in their portfolios, or managing their ongoing tax liabilities, MSCI QIS is designed to not only allow portfolio managers to gauge their clients’ needs, but also compete more effectively for assets by meeting a wider range of custom requirements in a shorter period.”

About MSCI Inc.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

Media Inquiries

[email protected]

Melanie Blanco +1 212 981 1049

Julie Mansmann +1 917 815 6375

Calum MacDougall +44 7876 836 759

Tina Tan +852 2844 9320

MSCI Global Client Services

EMEA Client Service + 44 20 7618.2222

Americas Client Service +1 888 588 4567 (toll free)

Asia Pacific Client Service + 852 2844 9333

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INDUSTRY KEYWORDS: Professional Services Environmental, Social and Governance (ESG) Other Professional Services Data Analytics Finance Consulting Banking

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