Opthea to Participate at the 2023 Euretina Congress

MELBOURNE, Australia, Oct. 02, 2023 (GLOBE NEWSWIRE) — Opthea Limited (NASDAQ:OPT; ASX:OPT), a clinical stage biopharmaceutical company developing novel therapies to treat highly prevalent and progressive retinal diseases, announced today that on October 4th, Dr. Megan Baldwin, the Company’s Chief Executive Officer will be a panelist at the inaugural Euretina Innovation Spotlight forum which is part of the Organization’s 23rd Congress being held on October 5th – 8th in Amsterdam, The Netherlands.

The Euretina Innovation Spotlight (EIS) event is intended to foster direct collaboration and communication between industry, regulators, investors, researchers and physicians involved or interested in the retinal innovation space. This one day conference features panel discussions and talks by selected industry leaders, biomedical innovators, regulators and investors. Dr. Baldwin will be a speaker on the Innovation in Treatment Modalities panel taking place on October 4th at 2:00PM CEST.

Euretina was started in 2000 and was originally known as the European Retina, Macula and Vitreous Society. Today, the organization has grown to over 4,500 members and hosts annual Congress that attracts thousands of delegates from around the world. For information on the Euretina Congress or the EIS, please visit https://euretinacongress.org.

About Opthea Limited

Opthea (ASX:OPT; Nasdaq:OPT) is a biopharmaceutical company developing novel therapies to address the unmet need in the treatment of highly prevalent and progressive retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME). Opthea’s lead product candidate OPT-302 is in pivotal Phase 3 clinical trials and being developed for use in combination with anti-VEGF-A monotherapies to achieve broader inhibition of the VEGF family, with the goal of improving overall efficacy and demonstrating superior vision gains over that which can be achieved by inhibiting VEGF-A alone.

Inherent risks of Investment in Biotechnology Companies

There are a number of inherent risks associated with the development of pharmaceutical products to a marketable stage. The lengthy clinical trial process is designed to assess the safety and efficacy of a drug prior to commercialization and a significant proportion of drugs fail one or both of these criteria. Other risks include uncertainty of patent protection and proprietary rights, whether patent applications and issued patents will offer adequate protection to enable product development, the obtaining of necessary drug regulatory authority approvals and difficulties caused by the rapid advancements in technology. Companies such as Opthea are dependent on the success of their research and development projects and on the ability to attract funding to support these activities. Investment in research and development projects cannot be assessed on the same fundamentals as trading and manufacturing enterprises. Therefore, investment in companies specializing in drug development must be regarded as highly speculative. Opthea strongly recommends that professional investment advice be sought prior to such investments.

Authorized for release to ASX by Megan Baldwin, CEO & Managing Director

Company & Media Enquiries:

U.S.A. & International: Australia:
Megan Baldwin, CEO Rudi Michelson
Opthea Limited Monsoon Communications
Tel: +61 447 788 674 Tel: +61 (0) 3 9620 3333
   
   
Media:  
Hershel Berry  
Blueprint Life Science Group  
Tel: +1 415 505 3749  
[email protected]  


Join our email database to receive program updates:

Tel: +61 (0) 3 9826 0399  Email: [email protected]  Web: www.opthea.com



Citi GPS: Evolving Demand for Skills Places Premium on Collaborative Leadership and Continuous Learning in Data Science

Citi GPS: Evolving Demand for Skills Places Premium on Collaborative Leadership and Continuous Learning in Data Science

LONDON–(BUSINESS WIRE)–
Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report titled: ‘SKILLS THAT PAY – The Returns from Specific Skills as Demanded in Job Adverts.’ The report is the result of a collaboration between Citi, the London School of Economics, and the Oxford Martin School. Leveraging data from job advertisements, the authors examine the skills that are rising and falling in demand and explore how wages for these skills are changing.

“In the face of rapidly changing labor markets due to the Fourth Industrial Revolution, understanding the demand and reward for skills is crucial for firms,” says Dr Grace Lordan, Director of The Inclusion Initiative at LSE. “Hiring has evolved from very specific education and experience criteria towards detailed skills requirements. Notably soft skills – including inclusive leadership – are rising in demand-with more novel ways being utilised to assess whether a candidate possesses these skills during hiring.”

Overall, we found that collaborative leadership increased in importance over time in terms of demand and hourly wages. Earlier research shows occupations that require such skills are less likely to be automated. Collaborative leadership also fosters individual and company performance both directly and indirectly through fostering inclusion.

Our findings also demonstrate that data science is constantly evolving, causing certain data science skills to attract a wage premium in one period, then lose it in the next. “Technology is constantly evolving and hence demanding an evolving skill set,” says Helen Krause, Managing Director and Head of Data Science at Citi Global Insights. “This underlines the importance of continuous learning and upskilling for professional data scientists.”

We further find a complementarity between soft skills and cognitive skills; concretely between collaborative leadership and research skills. This finding is in line with past research that focused on the interaction of social skills and cognitive skills and the fact that non-linear thinking becomes key for the future of work. Professionals require soft skills but also need to understand the implications of numerical calculations.

The report also looks at the demand and supply of AI skills by breaking AI job data into two groups: Tech-AI jobs, relating to technological skills necessary to “run, train and test” AI models and Broad-AI jobs, requiring an understanding of AI technologies but not the “hard” tech-skills found in Tech-AI jobs. Since 2015, we observe a fivefold increase in the demand for these groups as a percent of all U.S. jobs. Globally, the number of AI jobs advertised grew ninefold for Tech-AI jobs and over elevenfold for Broad-AI ones, while IT sector jobs nearly quadrupled, and the number of total jobs advertised nearly tripled.

The supply of these hard-to-find professionals is skewed across the U.S., with California hosting almost a third of the country’s total. “With some states having more than 10 job ads per AI professional, wage implications are also important, making the quest for talent a global endeavor that builds on remote and hybrid arrangements,” says Pantelis Koutroumpis, Director of the Programme on Technological and Economic Change at the Oxford Martin School.

Our findings shed light on the skills that are valuable in today’s labor market. This information is useful in terms of hiring, planning, training, and upskilling workers for daily tasks, but importantly, it can also help firms attract and retain talent. Furthermore, our work provides information to firms on the volatility of prices for specific skills.

Finally, our work also provides a new lens through which investors can view firms. Investors can analyze the skills being demanded by a company they are contemplating investing in and determine if this company is seeking the skills that are most relevant in today’s economy for a specific occupation as a pulse point for their innovation and future readiness.

The digital copy of the report is available here

About Citi Global Perspectives & Solutions (Citi GPS)

As our premier thought-leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help readers navigate the most demanding challenges and greatest opportunities of the 21st century. We access the best elements of our global conversation with senior Citi senior professionals, academics, and corporate leaders to anticipate themes and trends in today’s fast-changing and interconnected world.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

www.citigroup.com | Twitter: @Citi | www.youtube.com/citi | http://blog.citigroup.com | www.facebook.com/citi | www.linkedin.com/company/citi

About The Inclusion Initiative at the London School of Economics and Political Science

The Inclusion Initiative (TII) at The London School of Economics and Political Science (LSE) launched in November 2020. TII leverages behavioural science insights to advance our understanding of the factors that enhance inclusion at work. Our first area of focus is the financial and professional services. Over the next three years we aim to build an open source research repository that houses rigorous and relevant research related to inclusion at work, in the financial and professional services and beyond. The TII brings industry, academics and other stakeholders together regularly to exchange ideas, highlight new findings and build partnerships.

www.lse.ac.uk/tii

About The Oxford Martin School

The Oxford Martin School is a world-leading research department of the University of Oxford. Its 200 academics work across more than 30 pioneering research programmes to find solutions to the world’s most urgent challenges. It supports novel and high-risk projects that often do not fit within conventional funding channels, with the belief that breaking boundaries and fostering innovative collaborations can dramatically improve the wellbeing of this and future generations. Underpinning all our research is the need to translate academic excellence into impact – from innovations in science, medicine and technology, through to providing expert advice and policy recommendations.

www.oxfordmartin.ox.ac.uk | Twitter: @oxmartinschool | Facebook: /oxfordmartinschool | https://www.linkedin.com/company/oxford-martin-school

Media:

Citi, Citi GPS: Francesco Meucci ([email protected])

Oxford Martin School: Amjad Parkar ([email protected])

LSE The Inclusion Initiative: Joanna Bale ([email protected])

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Banking Education Technology Professional Services Other Technology Research Data Analytics Science Human Resources Other Education Finance

MEDIA:

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Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) — Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures Texas LLC (together, “the Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to address and comprehensively resolve BMI’s liabilities associated with talc.

The Debtors intend to operate their businesses normally throughout the duration of the Chapter 11 cases.

No other subsidiaries or business units of MTI are included in the filing and, as such, all are operating business as usual and will continue to do so during and after the Chapter 11 process.

“We continue to believe the lawsuits against BMI are meritless, and stand by the safety of BMI’s talc products, which have always been tested to the highest standard. BMI’s filing is an important step in efficiently resolving BMI’s liabilities to enable the company to move forward and focus on its strategic priorities,” Douglas Dietrich, Chairman of the Board and Chief Executive Officer of MTI, said. “We considered a number of options and are confident that this path will provide the best resolution to all stakeholders, including talc claimants, employees, customers, and shareholders.”

BMI intends to pursue a sale of its talc assets under section 363 of the Bankruptcy Code. Proceeds of the sale will be used to fund the Chapter 11 case and an anticipated section 524(g) trust.

To facilitate this process, the Debtors have received a commitment of approximately $30 million in debtor-in-possession financing (“DIP”) from JMB Capital Partners Lending, LLC, which, subject to the Bankruptcy Court’s approval, will provide sufficient liquidity to continue operations until the Debtors are able to access proceeds of the sale.

The Debtors are advised by Latham & Watkins LLP, Jefferies LLC, and M3 Partners. Additional information about the Chapter 11 cases can be found at: https://cases.stretto.com/BMI.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; claims for legal, environmental and tax matters or product stewardship issues; the continuing effects of the COVID-19 pandemic and the resulting preventative measures; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2022 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.


Investor Contact: Lydia Kopylova
(212) 878-1831
Media Contact: Jennifer Albert
(212) 878-1840

 



Accenture Acquires SIGNAL to Enhance its Integrated Marketing Capabilities in Japan

Accenture Acquires SIGNAL to Enhance its Integrated Marketing Capabilities in Japan

NEW YORK & TOKYO–(BUSINESS WIRE)–
Accenture (NYSE: ACN) has acquired SIGNAL, an integrated marketing firm based in Tokyo, Japan. The acquisition further strengthens Accenture’s ability to support clients’ marketing transformation across owned, paid and earned media.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231002175159/en/

Accenture has acquired SIGNAL, an integrated marketing firm based in Tokyo, Japan. (Photo: Business Wire)

Accenture has acquired SIGNAL, an integrated marketing firm based in Tokyo, Japan. (Photo: Business Wire)

SIGNAL, previously owned by VECTOR, the largest PR group in Japan, offers integrated marketing services combining capabilities across public relations, social media management, influencer marketing, advertising operations, research and web production.

With this acquisition, approximately 100 industry experts from SIGNAL have joined the Accenture marketing operations team in Japan to help organizations deliver a seamless experience across all channels, maximizing their marketing investments.

Atsushi Egawa, who leads Accenture’s business in Japan, said, “SIGNAL’s high level of expertise in the marketing domain is wide-ranging, spanning in the areas of PR, marketing, and communication, together we will enhance our ability to create growth through relevance, accelerate our client’s enterprise-wide transformation, building a solid competitive advantage in the market.”

Daisuke Kusaba, CEO of SIGNAL said, “Since our founding in 2005, we have been expanding our business scope by constantly seeking new communication methods, with the interests of our clients and consumers in mind. By working together with Accenture, we will have an even greater impact on the services we provide and contribute to creating wealth for all employees, clients, and society.”

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; Accenture’s environmental, social and governance (ESG) commitments and disclosures may expose it to reputational risks and legal liability; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

Ken Kanda

Accenture Japan

+81 45 330 7157

[email protected]

KEYWORDS: New York United States Japan North America Asia Pacific

INDUSTRY KEYWORDS: Business Influencer Other Professional Services Other Technology Finance Consulting Professional Services Data Management Social Media Technology Search Engine Marketing Digital Marketing Other Communications Public Relations/Investor Relations Marketing Advertising Content Marketing Communications Media

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Accenture has acquired SIGNAL, an integrated marketing firm based in Tokyo, Japan. (Photo: Business Wire)

SLB, Aker Solutions and Subsea7 Announce Closing of OneSubsea Joint Venture

SLB, Aker Solutions and Subsea7 Announce Closing of OneSubsea Joint Venture

OneSubsea’s leading technology portfolio will drive improved subsea asset performance while increasing energy efficiency and reducing CO2 emissions

HOUSTON–(BUSINESS WIRE)–
SLB (NYSE: SLB), Aker Solutions and Subsea7 announced today the final closing of their previously announced joint venture. The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230929052165/en/

OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include an extensive complementary subsea production and processing technology portfolio. (Photo: Business Wire)

OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include an extensive complementary subsea production and processing technology portfolio. (Photo: Business Wire)

OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include an extensive complementary subsea production and processing technology portfolio, world-class manufacturing scale and capacity, access to industry-leading reservoir and digital domain expertise, unique pore-to-process integration capabilities and strengthened R&D capabilities.

“The offshore market is demonstrating a sustained resurgence as operators across the world look to accelerate development cycle times and increase the productivity of their offshore assets,” said SLB Chief Executive Officer Olivier Le Peuch. “With its combined technology portfolio that leverages digital innovation, OneSubsea is ideally placed to support customers in their drive to improve asset performance while increasing energy efficiency and reducing CO2 emissions.”

OneSubsea’s field-proven subsea processing capabilities are seen by its customers as unparalleled in enhancing reservoir recovery and enabling long tie backs. Its unique compression technology portfolio has proven its potential to reduce the structure and capital cost of developing new energy reserves, while subsea projects have shown to be inherently more carbon efficient than topside solutions.

“OneSubsea’s extensive technology portfolio and engineering expertise enable us to address future market trends and needs at a unique scale. In doing so, we aim to fulfil our purpose of expanding the frontiers of subsea to drive a sustainable energy future,” said Mads Hjelmeland, newly appointed Chief Executive Officer of OneSubsea. “We will accelerate innovation and contribute to the ambition of our customers to optimize their production and reduce emissions in their subsea operations.”

OneSubsea will be headquartered in Oslo, Norway, and Houston, Texas, with 11,000 people working in all key operating regions around the world. SLB holds a 70% equity stake in the joint venture, with Aker Solutions and Subsea7 holding 20% and 10% respectively.

More information on the transaction is available on SLB’s investor relations website, which can be accessed at https://investorcenter.slb.com/.

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About Aker Solutions

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 11,000 people in more than 15 countries. Find out more at www.akersolutions.com.

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry. Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy. Find out more at www.subsea7.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Media

Moira Duff – Director of External Communications

SLB

Tel: +1 (713) 375-3407

[email protected]

Hallvard Norum – Vice President Media

& Channels, Aker Solutions

Tel: +47 913 80 820

[email protected]

Julie Taylor – Head of Group Communications Subsea7

Tel: +44 1224 526270

[email protected]

Investors

James R. McDonald – Vice President of Investor Relations

Joy V. Domingo – Director of Investor Relations

SLB

Tel: +1 (713) 375-3535

[email protected]

Preben Ørbeck– Senior Vice President Investor Relations, Aker Solutions

Tel: +47 470 10 611

[email protected]

Katherine Tonks – Investor Relations Director Subsea7

Tel: +44 20 8210 5568

[email protected]

KEYWORDS: Texas Norway Europe United States North America

INDUSTRY KEYWORDS: Technology Oil/Gas Consulting Energy Commercial Building & Real Estate Maritime Professional Services Construction & Property Transport Environment Sustainability Software Green Technology Data Management

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OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include an extensive complementary subsea production and processing technology portfolio. (Photo: Business Wire)

Tactile Medical Appoints Vindell Washington, M.D. to Board of Directors

MINNEAPOLIS, Oct. 02, 2023 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the appointment of Vindell Washington, M.D. to the Company’s Board of Directors (“Board”), effective October 2, 2023.

“We are pleased to welcome Dr. Washington to Tactile Medical, who joins our Board with over 30 years of experience in the healthcare industry,” said Bill Burke, Chairman of the Board of Tactile Medical. “We will benefit from his breadth of experience in medicine, technology and policy, as well as his expertise in advising healthcare companies on their clinical strategy.”

Dr. Washington was recently recognized by FierceHealthcare as being among the Most Influential Minority Executives in Healthcare. Dr. Washington serves as Chief Clinical Officer for Care and leads the newly formed Health Equity Center of Excellence for Verily, an Alphabet backed health technology company focused on research, care and health financing. He also served as Chief Clinical Officer of Verily Health Platforms, as well as Chief Executive Officer of Verily Onduo, where he led the strategy, development and execution of Onduo, a virtual population health solution. Dr. Washington previously worked for Blue Cross Blue Shield of Louisiana from 2017 to 2019, where as Executive Vice President and Chief Medical Officer, he was responsible for the organization’s health plan medical management, accreditation, pharmacy and provider network functions. From 2016 to 2017, Dr. Washington served as National Coordinator and Principal Deputy for the U.S. Department of Health and Human Services’ Office of the National Coordinator for Healthcare Information Technology, where he was responsible for national healthcare information technology policy.

From 2009 to 2016, Dr. Washington worked for the Franciscan Missionaries of Our Lady Health System, an integrated healthcare system serving nearly half of the state of Louisiana, in a series of roles culminating in his promotion to Medical Group President, where he was responsible for the development and execution of the organization’s ambulatory strategies. From 1997 to 2008, he worked for Piedmont Emergency Medicine Associates, a private practice, emergency medicine and hospitalist medicine group, culminating in serving as the group’s Chief Executive Officer and President. Dr. Washington received his B.S. from the Pennsylvania State University, his M.D. from the University of Virginia and his M.S. in Healthcare Management from the Harvard University School of Public Health.


About Tactile Medical

Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. The company collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.



Investor Inquiries:

Mike Piccinino, CFA
Partner
ICR Westwicke
[email protected]

InterDigital and the Indian Institute of Technology Kanpur (IIT-K) Formalize Wireless Research Partnership

WILMINGTON, Del., Oct. 02, 2023 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, and the Indian Institute of Technology at Kanpur (IIT-K) have announced a bilateral research partnership to develop enabling technologies that impact future wireless standards. Specifically, InterDigital will sponsor research and innovation at IIT-K that advances MIMO (Multiple-Input, Multiple-Output) systems to achieve the improved spectrum efficiency and network coverage required for 5G Advanced and 6G network deployments. The research will support critical advancements enabling networks to scale and meet growing bandwidth and coverage demands of advanced applications like metaverse experiences, holographic communications, and digital twins.

The InterDigital and IIT-K partnership is aligned with the growing collaboration between India and the United States around 6G research and standardization. The partnership follows a joint statement from the two countries at the recent G20 Summit highlighting the importance of joint research and development in 6G technologies while acknowledging IIT-K as a key collaborator.  

“The 6G capabilities we imagine today will be realized through cutting-edge research and strong collaboration, and we are happy to have a partner like IIT-K to dive deeper into critical technologies like MIMO that will enable our networks to support ever more connected experiences,” said Rajesh Pankaj, EVP and Chief Technology Officer, InterDigital. “We’re excited to support and work alongside the researchers at IIT-K.” 

Professor Rohit Budhiraja, who will be leading the research effort at IIT-K added, “The partnership comes at an opportune moment when India has released the Bharat 6G Vision Document and has laid the foundation to becoming a world leader in 6G technology. The academia has a major role to play both in terms of advanced research leading to 6G standardization as well as developing technology components of the 6G.”

“We are proud to formalize our partnership with IIT-K to explore and expand our expertise in the advanced technologies that will shape future networks,” said Milind Kulkarni, VP and Head of Wireless Labs, InterDigital. “This engagement adds fuel to our innovation and InterDigital’s commitment to collaborate with leading universities and institutions around the world.”

With a history of partnership in India spanning a decade, InterDigital recognizes India’s importance in the global 6G wireless research and standards ecosystem, citing the recent publication of the Bharat 6G Vision document and launch of India’s 6G research and development test bed. In 2021, InterDigital became a member of the Telecommunications Standards Development Society, India (TSDSI) to support the development of India’s wireless and video markets, the region’s upgrades to 5G and beyond, and migration to high-definition mobile video.

About InterDigital ®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:

Roya Stephens
Email: [email protected]
+1 (202) 349-1714



Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery

Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery

– The company continues to increase the pace of monthly deliveries.

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that on September 30, it made another delivery of its FF 91 2.0 Futurist Alliance, this time to one of FF’s long-time investors and the founder of the world’s largest global supplier of American Halloween costumes. The ceremony was attended by FF Global CEO Matthias Aydt and marks another significant delivery milestone of the “All-Ability aiHypercar” FF 91 2.0 Futurist Alliance to the Company’s spire users.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231002932606/en/

Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery (Photo: Business Wire)

Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery (Photo: Business Wire)

The Company recently announced the continuation of its Co-Creation partnerships and outlined the preliminary upcoming FF 91 2.0 Futurist Alliance deliveries for October as part of its ongoing ‘Delivery Co-Creation Day’ plans. Since the start of phase 2 Co-Creation Delivery, the Company has delivered four FF 91 2.0 Futurist Alliance vehicles including yesterday’s delivery. Throughout October, FF intends to host weekly ‘Delivery Co-Creation Day’ events with its car owners: Emma Hernan, Justin Bell, and two additional Co-Creation Officers. Large-scale, high-quality deliveries remain the Company’s most critical strategic goal at this time, along with obtaining additional financing to support future growth.

A video highlight of the delivery ceremony can be viewed here: https://youtu.be/kULIoavoz08

Users can preorder an FF 91 2.0 vehicle via the FF App or through the Company’s website at:

(English): https://www.ff.com/us/preorder/

or (Chinese): https://www.ff.com/cn/preorder/

Download the new FF App: http://appdownload.ff.com

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem.

FOLLOW FARADAY FUTURE

https://www.ff.com/

https://www.ff.com/us/mobile-app/

https://twitter.com/FaradayFuture

https://www.facebook.com/faradayfuture/

https://www.instagram.com/faradayfuture/

www.linkedin.com/company/faradayfuture/

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the success of other competing manufacturers; the performance and security of the Company’s vehicles; potential litigation involving the Company; the Company’s ability to satisfy the conditions precedent and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; general economic and market conditions impacting demand for the Company’s products; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K/A filed with the Securities and Exchange Commission (“SEC”) on August 21, 2023, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investors (English): [email protected]

Investors (Chinese): [email protected]

Media: [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software EV/Electric Vehicles Internet Alternative Vehicles/Fuels IOT (Internet of Things) Apps/Applications Technology Automotive Artificial Intelligence Environment Green Technology Automotive Manufacturing Manufacturing

MEDIA:

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Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery (Photo: Business Wire)
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Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery (Photo: Business Wire)
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Faraday Future Announces Latest FF 91 2.0 Futurist Alliance Delivery (Photo: Business Wire)

Ring the Alarm – RENAISSANCE: A FILM BY BEYONCÉ Coming to Cinemark Theaters Across the U.S., With Preshows Beginning November 30

Ring the Alarm – RENAISSANCE: A FILM BY BEYONCÉ Coming to Cinemark Theaters Across the U.S., With Preshows Beginning November 30

Tickets for opening weekend are on sale now with additional showtimes to be added.

PLANO, Texas–(BUSINESS WIRE)–Cinemark Holdings, Inc., one of the largest and most influential theatrical exhibition companies in the world, today announced that RENAISSANCE: A FILM BY BEYONCÉ is coming to the big screen at all U.S. Cinemark theaters with preshows beginning Thursday, November 30. With the theater chain’s industry-leading sight and sound technology, including digital and Cinionic laser projection and booming surround sound, fans will be able to catch every meticulously choreographed moment of this dazzling performance in the shared, immersive cinematic environment. Tickets are on sale now at Cinemark.com and on the Cinemark app.

“Music lovers have demonstrated how much they enjoy taking in captivating concerts in our shared, immersive auditoriums, and we are excited to give the BeyHive a perfect place to sing and dance along to RENAISSANCE: A FILM BY BEYONCÉ surrounded by other enthusiasts,” said Wanda Gierhart Fearing, Cinemark Chief Marketing and Content Officer. “Queen Bey is an artist known for her remarkable showmanship, which will come to life in a huge way on our larger-than-life screens – sure to have fans crazy in love.”

RENAISSANCE: A FILM BY BEYONCÉ accentuates the journey of RENAISSANCE WORLD TOUR, from its inception, to the opening show in Stockholm, Sweden, to the finale in Kansas City, Missouri. Itwill be playing at Cinemark theaters across the U.S. with preshows beginning Thursday, November 30. Tickets are on sale now, with additional showtimes to be added, starting at $22 on the Cinemark app and website. The large number of auditoriums booked to accommodate the buzz include showtimes in Cinemark XD, the world’s No. 1 exhibitor-branded premium large format, featuring the biggest screens fit for the beloved queen.

For more information on RENAISSANCE: A FILM BY BEYONCÉ in theaters and to purchase tickets, visit https://www.cinemark.com/movies/renaissance-a-film-by-beyonce

About Cinemark Holdings, Inc.

Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential theatrical exhibition companies in the world. Cinemark’s circuit, comprised of various brands that also include Century, Tinseltown and Rave, operates 514 theaters (315 U.S.; 199 South and Central America) with 5,812 screens (4,370 U.S.; 1,442 South and Central America) in 42 states domestically and 14 countries throughout South and Central America. Cinemark consistently provides an extraordinary guest experience from the initial ticket purchase to the closing credits, including Movie Club, the first U.S. exhibitor-launched subscription program and the first to reach the one-million-member milestone; the highest Luxury Lounger recliner seat penetration among the major players; XD – the No. 1 exhibitor-brand premium large format; and expansive food and beverage options to further enhance the moviegoing experience. For more information go to https://ir.cinemark.com.

Media:

Julia McCartha

[email protected]

Investors:

Chanda Brashears

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Entertainment Film & Motion Pictures Music Events/Concerts

MEDIA:

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Cummins Acquires Portions of Faurecia’s Commercial Vehicle Exhaust Aftertreatment Business in Europe and the United States

Cummins Acquires Portions of Faurecia’s Commercial Vehicle Exhaust Aftertreatment Business in Europe and the United States

COLUMBUS, Ind.–(BUSINESS WIRE)–
Cummins Inc. (NYSE: CMI) today announced that Cummins Emission Solutions completed its acquisition of two Faurecia commercial vehicle manufacturing plants and their related activities, one in Columbus, Indiana (U.S.), and one in Roermond, Netherlands. Faurecia is a global automotive technology leader and company of the FORVIA Group.

“We announced our intent to acquire this portion of Faurecia’s business in May of 2023, and the Cummins, Faurecia and FORVIA teams have put forth incredible effort to push this across the finish line in recent months,” said Vice President of Cummins Emission Solutions Cary Chenanda. “This acquisition provides an opportunity for the Cummins Emission Solutions business to ensure continued access to the technology and facilities it needs to meet current and future demand for low-emissions products and to ensure continuity for both the employees and customers of the acquired manufacturing facilities. I am energized by the opportunity to work alongside our outstanding new colleagues and to serve the customers that put their trust in us.”

Strategic rationale

Faurecia has been a partner and supplier to Cummins for more than a decade, and the FORVIA Group’s divestment initiatives offered Cummins an opportunity to ensure the long-term supply of aftertreatment components and assemblies. The acquisition adds significant technical and manufacturing resources and enhances Cummins’ existing mixer portfolio. Cummins is committed to honoring Faurecia’s existing supplier and customer contracts in both facilities and will make the necessary investments to deliver on the contracts. Faurecia remains a supplier to Cummins in India, China, South Africa and South America.

Financing

Cummins financed the transaction, which had a total transaction value of €199.2 million, using cash on the company’s balance sheet.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 73,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.2 billion on sales of $28.1 billion in 2022. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; changes in taxation; global legal and ethical compliance costs and risks; evolving environmental and climate change legislation and regulatory initiatives; future bans or limitations on the use of diesel-powered products; failure to successfully integrate and / or failure to fully realize all of the anticipated benefits of the acquisition of Meritor, Inc.; raw material, transportation and labor price fluctuations and supply shortages; any adverse effects of the conflict between Russia and Ukraine and the global response (including government bans or restrictions on doing business in Russia); aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers’ and original equipment manufacturers’ customers discontinuing outsourcing their engine supply needs or experiencing financial distress, or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; uncertainties and risks related to timing and potential value to both Atmus Filtration Technologies Inc. (Atmus) and Cummins of the planned separation of Atmus, including business, industry and market risks, as well as the risks involving the anticipated favorable tax treatment if there is a significant delay in the completion of the envisioned separations; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; increasing interest rates; challenging markets for talent and ability to attract, develop and retain key personnel; climate change, global warming, more stringent climate change regulations, accords, mitigation efforts, greenhouse gas (GHG) regulations or other legislation designed to address climate change; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; failure to meet environmental, social and governance (ESG) expectations or standards, or achieve our ESG goals; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2022 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Jon Mills

Director, External Communications

317-658-4540

[email protected]

KEYWORDS: Indiana Europe United States Netherlands North America

INDUSTRY KEYWORDS: Other Energy Automotive Manufacturing HVAC Manufacturing Energy Machinery

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