Market Newsdesk

January 23, 2025 9:11 am

PacBio Names Global Institute for Food Security as Canada’s First Revio Certified Service Provider

MENLO PARK, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the Global Institute for Food Security (GIFS) at the University of Saskatchewan (USask) as the first Revio PacBio Certified Service Provider (CSP) in Canada.

Known for its leadership in animal, microbial and plant genomics, GIFS offers PacBio’s HiFi sequencing technology through its Omics and Precision Analytics Laboratory (OPAL) platform. This provides researchers across Canada and around the world with access to highly accurate long-read sequencing data to support complex genetic studies and practical applications, from agricultural innovation to disease discovery.

The PacBio Certified Service Provider program ensures that customers worldwide have access to the highest quality sequencing services powered by PacBio technology. By achieving CSP status, GIFS has demonstrated the capability, expertise, and infrastructure required to deliver high-quality PacBio sequencing solutions, including complex genome assemblies, transcriptomics, epigenetics, and other precision applications.

“Canada is home to a dynamic genomics research community that plays a key role in addressing global challenges such as food security, agricultural sustainability, and precision health,” said James Hudson, Senior Director of Americas Sales at PacBio. “We are proud to welcome GIFS as Canada’s first Revio PacBio Certified Service Provider. This certification provides Canadian researchers access to PacBio’s highly accurate HiFi sequencing technology through a trusted partner, enabling them to generate critical insights with exceptional precision and quality.”

GIFS’ OPAL platform provides full-service genomics solutions that include automation, bioinformatics, and advanced data analysis, positioning them as a valuable resource for researchers looking to tackle large-scale genomic projects. Through PacBio’s HiFi sequencing technology, GIFS will empower scientists to address emerging challenges.

“The Global Institute for Food Security’s world-class technology platforms help researchers and organizations to scale and accelerate their research and development. As a PacBio Certified Service Provider, our partners know they can depend on GIFS to deliver high-quality, HiFi data to advance their projects,” said Dr. Steven Webb (PhD), GIFS CEO. “Today, GIFS’ Omics and Precision Analytics Laboratory uses high-throughput automated workflows to help our partners get the most from PacBio’s long-read sequencing technologies. The sequencing results we deliver are supported by GIFS’ automated bioinformatics and visualizations pipelines, ensuring our partners receive both high-quality data and critical analysis that can help them to discover, develop, and deliver.”

For more on the comprehensive services that GIFS provides, see gifs.ca/partners.

The addition of GIFS to PacBio’s growing Certified Service Provider network highlights PacBio’s commitment to making its advanced sequencing solutions accessible to researchers worldwide.

About PacBio

PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies stem from two highly differentiated core technologies focused on accuracy, quality and completeness which include our HiFi long-read sequencing and our SBB^® short-read sequencing technologies. Our products address solutions across a broad set of research applications including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit www.pacb.com and follow @PacBio.

PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.

About the Global Institute for Food Security at the University of Saskatchewan

The Global Institute for Food Security (GIFS) at the University of Saskatchewan (USask) works with partners to discover, develop, and deliver innovative solutions for the production of globally sustainable food. Serving as ‘agriculture’s innovation catalyst,’ GIFS is connecting the agri-food ecosystem, advancing innovation, and bridging the gap to commercialization to deliver resilient and sustainable food security for all stakeholders. For more information, visit gifs.ca.

Forward Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including statements relating to the uses, coverage, advantages, and benefits or expected benefits of using, PacBio products or technologies, including the ability of GIFS to deliver high-quality sequencing solutions; enabling researchers to generate critical insights and address emerging challenges using PacBio technology through GIFS; and other future events. You should not place undue reliance on forward-looking statements because they are subject to assumptions, risks, and uncertainties and could cause actual outcomes and results to differ materially from currently anticipated results, including, the difficulty of generating discoveries in complicated areas of biology; potential performance, quality and regulatory issues; and third-party claims alleging infringement of patents and proprietary rights or seeking to invalidate PacBio’s patents or proprietary rights. Additional factors that could materially affect actual results can be found in PacBio’s most recent filings with the Securities and Exchange Commission, including PacBio’s most recent reports on Forms 8-K, 10-K, and 10-Q, and include those listed under the caption “Risk Factors.” These forward-looking statements are based on current expectations and speak only as of the date hereof; except as required by law, PacBio disclaims any obligation to revise or update these forward-looking statements to reflect events or circumstances in the future, even if new information becomes available.

Contacts:

PacBio

For investors:
Todd Friedman, [email protected]

For media:
[email protected]

Global Institute for Food Security:

Communications:
Dan Yates, [email protected]

January 23, 2025 9:11 am

Planet Labs PBC selected for $200M Luno B IDIQ

Planet Labs PBC selected for $200M Luno B IDIQ

SAN FRANCISCO–(BUSINESS WIRE)–
Planet Labs PBC was selected by the National Geospatial-Intelligence Agency as one of the vendors for the $200 million Luno B commercial data indefinite delivery, indefinite quantity contract.

Luno B will provide the national security community with timely access to high-quality commercial GEOINT. The contract will enable NGA to lead the GEOINT enterprise in applying GEOINT artificial intelligence, while delivering decision advantage to our warfighters, policy makers, and mission partners.

Through this IDIQ contract, GEOINT users will have access to data and analytic services that add new context to analytic assessments by characterizing worldwide economic, environmental, and geo-political activities, as well as illegal, unregulated, and unreported activities.

Luno B has a five-year base ordering period with a $200M ceiling. Vendors will compete on a full and open basis for future delivery orders.

About Planet Labs PBC

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly Twitter).

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Planet’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Planet’s expectations, strategy, priorities, plans or intentions. Planet’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding Planet’s ability to forecast Planet’s performance due to Planet’s limited operating history. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Planet’s filings with the Securities and Exchange Commission (“SEC”). All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123872698/en/

Planet Press

Claire Bentley Dale

[email protected]

Planet Investor Relations

Chris Genualdi, Cleo Palmer-Poroner

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Satellite Data Management Technology Artificial Intelligence Software

MEDIA:

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January 23, 2025 9:10 am

Arcos Dorados Announces Extension of Cash Tender Offer for Any and All of Its Outstanding 5.875% Notes Due 2027

Arcos Dorados Announces Extension of Cash Tender Offer for Any and All of Its Outstanding 5.875% Notes Due 2027

(CUSIP NOS. 03965U AC4 / G0457F AC1; ISINs US03965UAC45 / USG0457FAC17)

MONTEVIDEO, Uruguay–(BUSINESS WIRE)–
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) today announced that it has extended the expiration deadline of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the “Notes”) (the “Offer”).

The Offer was previously scheduled to expire at 8:00 a.m., New York City time, on January 23, 2025 and will instead expire at 5:00 p.m., New York City time, on January 23, 2025 (the “Expiration Time”), unless further extended or early terminated by Arcos Dorados. If a holder of a Note has already validly tendered and not validly withdrawn Notes pursuant to the original Offer, such holder of Notes is not required to take any further action with respect to such Notes and such tender constitutes a valid tender for purposes of the Offer, as amended by this press release.

As of 8:00 a.m., New York City time, on January 23, 2025, $130,115,000 in aggregate principal amount of Notes outstanding have been validly tendered and not validly withdrawn pursuant to the Offer.

Holders of Notes who have not already done so may validly tender their Notes until the Expiration Time (as extended by this announcement). The Withdrawal Deadline was previously scheduled to expire at 8:00 a.m. New York City time, on January 23, 2025, and will instead expire at 5:00 p.m. New York City time, on January 23, 2025. Holders of Notes who validly tender their Notes on or before the Expiration Time are eligible to receive the Consideration in connection with any such Notes accepted for tender.

The obligation of Arcos Dorados to purchase Notes in the Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer Documents. Arcos Dorados reserves the right, in its sole discretion, to amend or terminate the Offer at any time.

The Offer is being made in connection with a proposed offering of U.S. dollar denominated senior notes (the “New Notes”) to be issued by Arcos Dorados B.V., a subsidiary of Arcos Dorados (the “Proposed New Notes Offering”). The Proposed New Notes Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.

The offering of New Notes was announced on January 17, 2025. Tendering Holders who wish to tender their Notes for cash and also subscribe for the New Notes should quote a unique identifier code corresponding to the New Notes being subscribed (“Unique Identifier Code”), which can be obtained by contacting any of the Dealer Managers, in their acceptance to DTC through the DTC Automated Offer Program (“ATOP”) or Electronic Acceptance Instruction. A Unique Identifier Code is not required for a Holder to tender its Notes, but if a tendering Holder wishes to subscribe for the New Notes, such Holder should obtain a Unique Identifier Code from a Dealer Manager and enter the Unique Identifier Code in its ATOP.

Arcos Dorados will review tender instructions received on or prior to the pricing date of the New Notes, and may give priority to those investors tendering with Unique Identifier Codes in connection with the allocation of New Notes. However, no assurances can be given that any Holder that tenders its Notes will be given an allocation of New Notes at the levels it may subscribe for, or at all.

The Company reserves the right, in its sole and absolute discretion, to extend, withdraw, terminate or amend the terms and conditions of the Offer at any time for any reason.

The information and tender agent for the Offer is Global Bondholder Services Corporation. To contact the information and tender agent, banks and brokers may call +1 (212) 430-3774, and others may call U.S. toll-free: +1 (855)-654-2015 or email [email protected]. Additional contact information is set forth below.

By Mail, Hand or Overnight Courier

65 Broadway – Suite 404

New York, NY 10006

Attention: Corporate Actions

By Facsimile Transmission

+1 (212) 430-3775/3779

Attention: Corporate Actions

Confirmation by Telephone

+1 (212) 430-3774

Toll free: +1 (855) 654-2015

E-mail

[email protected]

Copies of each of the Offer Documents are available at the following web address: https://www.gbsc-usa.com/arcos/

Any questions or requests for assistance or for additional copies of this notice may be directed to the Dealer Managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.

The Dealer Managers for the Offer are:

BBVA Securities Inc.	Citigroup Global Markets Inc.	Itau BBA USA Securities, Inc.	J.P. Morgan Securities LLC	Santander US Capital Markets LLC
Two Manhattan West, 375 9th Ave, 9th Floor, New York, NY 10001 United States	388 Greenwich Street, Trading 4th Floor New York, NY 10013 United States	599 Lexington Avenue, 34^th Floor, New York, NY 10022 United States	383 Madison Avenue, 6^th Floor New York, NY 10179 United States	437 Madison Avenue New York, NY 10022 United States
Attn: Liability Management	Attn: Liability Management Group	Attn: Debt Capital Markets	Attn: Latin America Debt Capital Markets	Attn: Liability Management
E-mail: [email protected]	E-mail: [email protected]			E-mail: [email protected]
Collect: (212) 728-2446 Toll-Free: +1 (800) 422-8692	Collect: +1 (212)-723-6106 Toll-Free: +1 (800) 558-3745	Collect: +1 (212) 710-6749 Toll Free: +1 (888) 770-4828	Collect: +1 (212) 834-7279 Toll Free: +1 (866) 846-2874	Collect: +1(212) 350-0660 Toll Free: +1(855) 404-3636

This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Offer is made only by and pursuant to the terms of the Offer Documents, and the information in this notice is qualified by reference to the Offer and the Notice of Guaranteed Delivery. None of Arcos Dorados, the Dealer Managers or the information and tender agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offer.

About Arcos Dorados

Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories with more than 2,400 restaurants, operated or franchised by the Company or by its sub-franchisees, that together employ more than 100,000 people (as of 09/30/2024). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123424847/en/

Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

[email protected]

Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

[email protected]

KEYWORDS: New York Latin America North America United States South America Uruguay

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

MEDIA:

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January 23, 2025 9:10 am

JetBlue’s New Premium Experience, EvenMore®, Takes Off

JetBlue’s New Premium Experience, EvenMore^®, Takes Off

Beginning January 28, EvenMore will include dedicated overhead bin space, complimentary alcoholic beverages, and Tiny Tate’s Chocolate Chip Cookies

NEW YORK–(BUSINESS WIRE)–
JetBlue (Nasdaq: JBLU) today announced that EvenMore, its new premium travel experience, is now available for booking on jetblue.com and the airline’s mobile app. Starting January 28, EvenMore customers will enjoy new benefits when they fly, including dedicated overhead bin space, complimentary alcoholic beverages, and a new premium snack. This launch marks another step in the airline’s JetForward strategy, which aims to deliver the products and perks customers value.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123551961/en/

Photo courtesy of JetBlue.

“It’s no secret that customers increasingly value unique experiences, so we’re bringing together great service and affordable fares into a competitive, elevated travel option,” said Marty St. George, president, JetBlue. “Building on the success of Even More Space, the new EvenMore offers new amenities that our customers will love, in addition to the extra legroom they enjoy today.”

More Space, More Speed, More Perks

EvenMore seats will be primely located at the front of each aircraft¹, or directly behind Mint seats where applicable, and will expand on the award-winning JetBlue experience with perks and amenities including:

Extra legroom for ultimate comfort

Complimentary alcoholic beverages²

Premium snack option: Tiny Tate’s Chocolate Chip Cookies

Priority security access at select airports

Early boarding for easier and faster settling in

Dedicated overhead bin space marked with designated decals

Complimentary headphones upon request

Current Even More Space seats that are located mid-aircraft, overwing, or are designated exit row seats will become ‘extra legroom’ seats, offering customers additional space. These seats will be available for purchase later in the booking process, on the seat selection page, like how core preferred seats are currently sold.

Regardless of seating choice, every JetBlue customer benefits from the airline’s industry-leading offerings, including fast, free, and unlimited Fly-Fi^®3, seatback entertainment, and complimentary snacks and beverages. JetBlue consistently delivers an incredible onboard experience for all customers.

EvenMore for Mosaic

JetBlue’s most loyal TrueBlue Mosaic^® members can look forward to EvenMore in their Signature Perks for 2025. Mosaic 1 members will have the option to book EvenMore at check-in and Mosaic 2, 3 and 4 members will be able to select EvenMore at the time of booking for more legroom and perks at no extra charge on JetBlue-operated flights⁴.

All Mosaic members will also be able to select extra legroom at booking at no extra charge⁴ as a part of their Signature Perks.

In 2023, JetBlue refreshed TrueBlue to be more rewarding than ever before with the introduction of new Mosaic levels, tiles and perks, as well as perks for TrueBlue members along their way to Mosaic status. Whether members arrive at Mosaic status through travel spend, JetBlue credit card spend or a combination of both, tiles allow members to make the path to perks and Mosaic their own.

Book Better with JetBlue

Currently, customers who book directly through jetblue.com are able to book EvenMore during their initial purchase and are guaranteed to find the lowest fares, along with enjoying additional benefits including access to all fare options, fare sales and promotions; the ability to earn 2x TrueBlue points and participate in Points Pooling; seamless seat selections; 24/7 direct access to JetBlue’s customer service channels; and more. Later in 2025, EvenMore will become a fare option across all booking websites. Currently, customers who book on third party channels can add EvenMore after purchase.

About JetBlue

JetBlue is New York’s Hometown Airline^®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada and Europe. For more information and the best fares, visit jetblue.com.

1. EvenMore^® will be available on all JetBlue aircraft except its Embraer 190 fleet, which will be phased out in 2025.

2. Limited to three free alcoholic beverages. Not available on flights operating with express or no inflight service (flights under 250 miles) or where prohibited by law. Must be 21 years of age or older to consume alcohol. The EvenMore complimentary alcoholic beverage does not stack with the Mosaic beer, wine & liquor Signature Perk, which is limited to three alcoholic drinks per flight for each Mosaic member.

3. Fly-Fi^® and live television are available on all JetBlue-operated flights. Coverage area may vary by aircraft. Details on inflight wi-fi and entertainment: www.jetblue.com/flying-with-us

4. Pending availability. For Blue Basic: Before 3/1/2025, at no extra charge during check-in (Mosaic 1) or booking (Mosaic 2 & up). Starting 3/1/2025, excludes Blue Basic.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123551961/en/

JetBlue Corporate Communications

Tel: +1.718.709.3089

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Air Transport Other Travel Transportation Travel Other Transport

MEDIA:

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Photo courtesy of JetBlue.

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Photo courtesy of JetBlue.

Photo

Photo courtesy of JetBlue.

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Photo courtesy of JetBlue.

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January 23, 2025 9:10 am

Power Integrations’ Latest MotorXpert Software Drives FOC Motors Without Shunts or Sensors

Power Integrations’ Latest MotorXpert Software Drives FOC Motors Without Shunts or Sensors

Software companion to BridgeSwitch motor-driver ICs controls and configures high-efficiency single- and three-phase BLDC inverters

SAN JOSE, Calif.–(BUSINESS WIRE)–Power Integrations (NASDAQ: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced MotorXpert™ v3.0, a software suite for configuration, control and sensing of BLDC inverters that utilize the company’s BridgeSwitch™ motor-driver ICs. The latest release of the software incorporates Power Integrations’ shuntless and sensorless technology for field-oriented control (FOC), adding support for advanced modulation schemes and unconditional startup under any load condition, along with significant improvements to the host user interface and debugging tools.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123297480/en/

Power Integrations’ Latest MotorXpert Software Drives FOC Motors Without Shunts or Sensors (Graphic: Business Wire)

Cristian Ionescu-Catrina, product marketing manager at Power Integrations said: “MotorXpert simplifies single- and three-phase sensorless motor-drive designs. In this version 3.0 release, we have added a two-phase modulation scheme, which is ideal for applications that work in high temperature environments such as hot-water circulation pumps. The new modulation reduces inverter switching losses by 33 percent. Version 3.0 also features a five-fold improvement to our waveform visualization tool and an enhanced zoom function, giving developers substantially more information for motor tuning and debugging.”

MotorXpert 3.0 comprises three main sections:

Sophisticated mathematical algorithms resident on the local MCU or DSP construct accurate feedback signals from the BridgeSwitch IC and provide real-time control of the switching patterns.
A host-side application interprets inverter actions and displays critical data in actionable format for engineering analysis.
The easy-to-use control interface permits development engineers to experiment and quickly converge to a final product.

MotorXpert suite is MCU-agnostic and includes a comprehensive porting guide to simplify deployment with a wide range of MCUs. It is implemented in common C language to MISRA standards.

The MotorXpert v3.0 host-side application includes a graphical user interface with Power Integrations’ digital oscilloscope visualization tool that makes it easy to design and configure parameters and operation and simplifies debugging. Parameter tool tips and a tuning assistant improve the development process, and the intuitive parameter list provides easy motor tuning. The new version also features both V/F and I/F control, which permits motor startup in any load condition. A selectable two-phase modulation scheme allows developers to trade off temperature of the inverter vs torque ripple which is beneficial in applications such as hot water circulation pumps, reducing heatsinking requirements and enclosure cost. Development time is greatly reduced by the included single- and three-phase code libraries with sensorless support, reference designs, and other tools such as a power supply design and analysis tool.

The BridgeSwitch IC is a half-bridge motor driver of low RDSON FREDFET switches, controllers and drivers in a thermally efficient package. Sensorless feedback, fault reporting, and self and load protection are also available for applications from 30 W to 1 HP (750 W).

Applications include indoor and outdoor air conditioning fans, refrigerator compressors, fluid pumps, washing machine and dryer drums, range hoods, industrial fans and heat pumps.

Availability & Resources

MotorXpert v3.0 is available at no cost with an end-user license agreement. The software suite comes with a quick start guide, software manual, MCU porting guide, single- and three-phase software libraries and a video tutorial. For further information, contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors—DigiKey, Newark, Mouser and RS Components, or visit power.com.

About Power Integrations

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.

Power Integrations, the Power Integrations logo, BridgeSwitch and MotorXpert are trademarks, service marks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123297480/en/

Media Contact

Linda Williams

Power Integrations

(408)-414-9837

[email protected]

Press Agency Contact

Nick Foot

BWW Communications

+44-1491-636 393

[email protected]

KEYWORDS: California Southeast Asia New Zealand Australia Viet Nam Philippines Australia/Oceania Japan United States North America Asia Pacific Indonesia India South Korea

INDUSTRY KEYWORDS: Software Vehicle Technology Other Energy Hardware Apps/Applications Energy General Automotive Aftermarket Technology Automotive Semiconductor Other Technology

MEDIA:

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Power Integrations’ Latest MotorXpert Software Drives FOC Motors Without Shunts or Sensors (Graphic: Business Wire)

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January 23, 2025 9:10 am

Opendoor to Report Fourth Quarter and Full Year 2024 Financial Results on February 27th, 2025

SAN FRANCISCO, Jan. 23, 2025 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024 following the close of the market on Thursday, February 27, 2025. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company’s business and financial results.

What: Opendoor Fourth Quarter 2024 Earnings Conference Call
When: Thursday, February 27, 2025
Time: 2:00 p.m. PT (5:00 p.m. ET)
Live Webcast: A live webcast of the call can be accessed from the Events and Presentations page of the investor relations website, https://investor.opendoor.com

Replay: An archived webcast of the conference call will be available on Opendoor’s investor relations website for one year following the live call at https://investor.opendoor.com

About Opendoor

Opendoor is a leading e-commerce platform for residential real estate transactions whose mission is to power life’s progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to sell and buy a home. Opendoor is a team of problem solvers, innovators, and operators who are leading the future of real estate. Opendoor currently operates in markets nationwide.

For more information, please visit www.opendoor.com.

Contacts

Investors:

[email protected]

Media:

[email protected]

January 23, 2025 9:10 am

Global M&A Dealmakers Expect Active 2025: Sentiment Report

PR Newswire

SS&C survey of 400+ global M&A professionals signals bullish market sentiment

WINDSOR, Conn.
, Jan. 23, 2025 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the publication of the SS&C Intralinks 2025 Global M&A Dealmakers Sentiment Report. In association with Reuters, SS&C Intralinks surveyed 419 global M&A dealmakers from private equity firms, corporates advisory firms and investment banks to see where the market is heading.

“With Wall Street banks reporting stronger earnings and the U.S. Federal Reserve continuing to ease interest rates, respondents we surveyed anticipate a surge in 2025 deal volume,” said Ken Bisconti, co-head of SS&C Intralinks. “A significant majority of dealmakers expect increases in activity and deal size, even as concerns about inflation, the regulatory environment and valuations persist. Currently, financial institutions, corporates and private equity firms are racing to transform their technology stacks, focusing on artificial intelligence (AI) and cybersecurity.”

Key findings from the report include:

87% of the respondents expect M&A and financing activity to grow in 2025, with PE firms slightly more bullish on prospects than corporates.
Deals are expected to be larger. Almost half of the PE respondents expect to work on transformative (USD10 billion+) deals this year.
Geographical expansion and digital drivers are expected to be the primary drivers of dealmaking activity. Dealmakers expect fewer opportunities in restructuring distressed businesses.
Financial services, technology, media and telecom sectors are generating the most interest, backed by strong 2024 performance and long-term prospects.

The report also highlights areas of focus for M&A dealmakers:

More than half of respondents expect the use of AI tools to increase significantly. Generative AI is expected to be one of the biggest disruptors.
Data privacy and security remain the top concerns for organizations working with AI, followed closely by reliability.
Dealmakers continue to worry about cybersecurity, with more than 80% concerned about cyberattacks evolving nature. Nearly 75% expect cybersecurity issues to increase, so secure environments such as virtual data rooms (VDRs) will become even more important to deal success.
More than a third of dealmakers are prioritizing investments in digitalization to transform business processes.

Click here to read the full report.

SS&C Intralinks is a pioneer of the virtual data room, delivering software-enabled services across the entire deal lifecycle, including deal marketing, deal prep, due diligence, insights and post-merger integration. Intralinks technology enables and secures the flow of information by facilitating M&A, capital raising and investor reporting. SS&C Intralinks has executed more than USD 35 trillion worth of financial transactions on its platform.

About SS&C Technologies

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

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

Follow SS&C on Twitter, LinkedIn and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-ma-dealmakers-expect-active-2025-sentiment-report-302358150.html

SOURCE SS&C

January 23, 2025 9:09 am

Westgate Resorts join ChoiceHotels.com in New Strategic Partnership

PR Newswire

Travelers Can Now Book 21 Westgate Resorts on ChoiceHotels.com

NORTH BETHESDA, Md.
, Jan. 23, 2025 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH), one of the largest hotel companies in the world, and Westgate Resorts, the industry’s premier resort developer, announced today that 21 Westgate properties are now available to book on ChoiceHotels.com. In addition, they can also be reserved with points on the award-winning rewards program, Choice Privileges. The hotels will join Choice’s upscale offerings, which include the Radisson, Cambria and Ascend Hotel Collection brands, providing guests unique experiences with every stay.

Travelers can enjoy a range of exciting amenities and onsite experiences at Westgate destinations, including the family-friendly Treasure Cove Water Park at Westgate Lakes Resorts & Spa in Orlando, horseback rides along beautiful trails at Westgate River Ranch Resort & Rodeo in River Ranch, Florida, and world-class ski-in, ski-out accommodations at Westgate Park City Resort & Spa, located at the base of picturesque Canyons Village in Park City, Utah.

“We are so pleased to collaborate with Westgate Resorts, giving travelers and over 68 million Choice Privileges members a compelling range of hotel options,” said Chief Marketing Officer at Choice Hotels International Noha Abdalla. “The addition of these properties further solidifies our commitment to delivering more diverse travel experiences, while providing Choice Privileges members with even more ways to use their points and maximize their rewards.”

“We are incredibly excited that our hotels are now bookable through ChoiceHotels.com and for this collaboration,” said Westgate Resorts Chief Business & Strategy Officer Jared Saft. “Choice Privileges consistently ranks as one of the best hotel loyalty programs in the United States, and we are honored to make our resorts available to all of Choice’s loyal guests.”

Westgate’s vacation resorts add to more than 1,000 luxury and upscale, full-service properties bookable through Choice. It also follows the launch of exciting new Choice Privileges features this month, including the tripling of the reward night booking window to 50 weeks and the introduction of Choice RewardSaver, a redemption tool that gives customers the opportunity to book hotel stays for as low as 6,000 points.

The 21 Westgate Resorts properties now bookable through ChoiceHotels.com and the Choice Hotels mobile app include:

Orlando, FL

Westgate Lakes Resort & Spa
(Orlando, FL)
Westgate Palace Hot
el /Universal /I-Drive
(Orlando, FL)
Westgate Leisure Resort
(Orlando, FL)
Westgate Blue Tree Resort
(Orlando, FL)
Westgate Towers Resort
(Kissimmee, FL)
Westgate Vacation Villas Resort
(Kissimmee, FL)
Westgate Town Center Resort
(Kissimmee, FL)

River Ranch/Lake Wales, FL

Westgate River Ranch Resort & Rodeo
(River Ranch, FL)

Cocoa Beach, FL

Westgate Cocoa Beach Resort
(Cocoa Beach, FL)

Las Vegas, NV

Westgate Las Vegas Resort & Casino
(Las Vegas, NV)
Westgate Flamingo Bay Resort
(Las Vegas, NV)

Park City, UT

Westgate Park City Resort & Spa
(Park City, UT)

New York City, NY

Westgate New York Grand Central
(New York, NY)

Branson/Hollister, MO

Westgate Branson Woods Resort
(Branson, MO)
Westgate Branson Lakes Resort
(Hollister, MO)

Gatlinburg/Pigeon Forge, TN

Westgate Smoky Mountain Resort & Water Park
(Gatlinburg, TN)
River Terrace Resort & Convention Center
(Gatlinburg, TN)
Wild Bear Inn
(Pigeon Forge, TN)

Myrtle Beach, SC

Westgate Myrtle Beach Oceanfront Resort
(Myrtle Beach, SC)

Williamsburg, VA

Westgate Historic Williamsburg Resort
(Williamsburg, VA)

Mesa, AZ

Westgate Painted Mountain Golf Resort
(Mesa, AZ)

ABOUT CHOICE HOTELS®

Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. The one to watch in upscale and a leader in midscale and extended stay, Choice® has over 7,500 hotels, representing nearly 635,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers’ needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.ChoiceHotels.com.

ABOUT WESTGATE RESORTS

Westgate Resorts is the largest privately held timeshare company in the world and one of the largest resort developers in the United States. Founded in 1982 by David Siegel, the company is headquartered in Orlando, Florida, with a total of 21 themed destination resorts nationwide, including seven Orlando hotel resorts.

Westgate Resorts locations feature more than 13,500 luxury villas and hotel rooms in popular vacation destinations throughout the United States such as Orlando and Cocoa Beach, Florida; New York City, New York; Park City, Utah; Las Vegas, Nevada; Gatlinburg and Pigeon Forge, Tennessee; Myrtle Beach, South Carolina; Williamsburg, Virginia; Branson, Missouri; and Mesa, Arizona.

In 2022, the company launched the cutting-edge World of Westgate (WOW) Loyalty Program, an exclusive program that rewards Westgate Owners and hotel guests with prestigious perks and privileges at no added cost.

For more information about Westgate Resorts, visit WestgateResorts.com. Find Westgate Resorts on LinkedIn, Instagram and Facebook.

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SOURCE Choice Hotels International, Inc.

January 23, 2025 9:09 am

CVS Health Foundation grants $4 million as part of its new healthy aging initiative

PR Newswire

Funding will support organizations serving older adults in Atlanta, Boynton Beach, Chicago and New York City, bridging gaps in local health care and social systems

WOONSOCKET, R.I.
, Jan. 23, 2025 /PRNewswire/ — The CVS Health^® Foundation (NYSE: CVS) today announced $4 million in grants over five years as part of its new Healthy Aging initiative to support Atlanta Regional Collaborative for Health Improvement in Atlanta, GA, Center for Better Aging in Chicago, IL, EngageWell Independent Provider Association in New York, NY and Palm Health Foundation in Boynton Beach, FL. Each organization will receive $1 million in funding to improve health care access and resources for aging community members with brain, heart and behavioral conditions, as well as their caregivers.

“People over the age of 65 are enjoying longer, more active lives and make up the largest generation of older adults in U.S. history,” said Sheryl Burke, Senior Vice President of Corporate Social Responsibility and Chief Sustainability Officer at CVS Health. “We’re excited to work with each of these organizations that are making a significant impact by preparing and providing the health care and resources our communities need for the generational shift of aging Americans.”

Americans are having fewer children and living longer. According to the Census Bureau, more people in the U.S. will likely be over 64 than under 18 by 2034. With this rise in aging Americans, the CVS Health Foundation identified an opportunity to introduce Healthy Aging as a new focus area for giving. The new grants will support organizations working to help simplify a complex care navigation process and bridge a critical gap in local health care and social systems to help older adults lead healthy lives.

Atlanta Regional Collaborative for Health Improvement (ARCHI)
The Atlanta Regional Collaborative for Health Improvement will use the grant to enhance its Community Resource Hub to help older adults with brain, heart and behavioral health conditions connect to essential health care and resources. With this funding, ARCHI plans to expand its network of partners to better serve aging adults and improve access to medically tailored meals and educational services.

“Collaboration — like here with the CVS Health Foundation — has shown us that when we work together, we can indeed invert the burden from those who have traditionally been left out of good health, including many of our city’s underserved elders,” said Jeffrey M. Smythe, Executive Director of Atlanta Regional Collaborative for Health Improvement. “The system can indeed bear that burden, we can change the system of care to be more person-centered, and we look forward to this opportunity to further expand the work of these dedicated partners.”

As one of the of partners, Caitlin Behringer at Open Hand Atlanta shares, “We saw tremendous results through our nutrition interventions that were provided to members of the Community Resource Hub, and we know we will continue to see significant improvements in older adults’ health outcomes. Leaders from across multiple of these sectors have come together today because we know this can be a game-changer and we can provide significant improvements to the systems of care for our most marginalized older adults and their caregivers.”

Center for Better Aging
The Center for Better Aging at St. Bernard Hospital will use the grant to improve its coordinated care model, which is designed to address the high rates of chronic conditions in the South Side of Chicago. It will establish a data system to track health outcomes for the aging population and support initiatives to strengthen community connections for residents and their caregivers.

“The Center for Better Aging has a mission to advance quality and equality in health care to underserved communities across Chicago’s South Side where health disparities like coronary heart disease and struggles with cognitive difficulty disproportionately affect older adults,” said Estrelitta Harmon, Executive Director, Center for Better Aging. “Support from the CVS Health Foundation will expand our capacity to detect and address critical brain, heart and mental health conditions and provide first-rate specialty care. The CVS Health Foundation will also support programming and social support for the unpaid caregivers who help older adults to manage these complex conditions.”

The Center for Better Aging and its partners deliver whole-person health care and provide medical and wellness services across the St. Bernard Hospital campus, in-home wellness visits and through community outreach. As a partner of Center for Better Aging, Vivian Moore, LCPC, CCM, SPARC Wellness Care Coordinator shares, “In our partnership with CBA we’ve been able to ensure that patients are not delayed in discharge and we’re not keeping them longer than they need to be kept, but also assuring that when they’re discharged they have the proper equipment with them to support stabilization post-discharge.”

EngageWell Independent Provider Association

EngageWell will deploy the funding to enhance its ongoing work making health care nimbler and more responsive to the aging New York City population. It will allow EngageWell to expand its Care Your Way initiative infrastructure for telemedicine, add additional Community Health Workers and provide medication adherence support for senior citizens with heart and or behavioral health conditions.

“EngageWell is excited to bring our Care Your Way Initiative to older New Yorkers, focusing on low-income elders of color who often experience barriers accessing quality healthcare,” said Christopher Joseph, Executive Director of EngageWell IPA. “Elders in these communities often experience significant challenges due to chronic health conditions exacerbated by socio-economic factors, shortages in geriatric specialists, and difficulties navigating technology and transportation. By harnessing innovative technology with Community Health Worker technical assistance and outreach, we aim to address the unique needs of aging New Yorkers, making a meaningful impact on their health and well-being.”

As a partner of EngageWell and president and CEO of ACCO Asian community Care organization, Tom Gu shares, “We joined EngageWell in 2023 and are proud to serve over 1400 seniors each year. During COVID-19, our seniors faced increased isolation and fear, so we created an app to connect them with much needed support. When we saw how Engage Well was using technology to improve care, we knew we wanted to be part of the network.”

Palm Health Foundation
With this funding, Palm Health Foundation will create a Healthier Aging Initiative as part of its Healthier Boynton Beach to support caregivers who are over 60 years old. Often a caregiver’s own health gets overlooked, so this grant will help to identify, coordinate and connect health and wellness services to caregivers in the community.

“Palm Health Foundation wants to see all Palm Beach County residents have opportunities to thrive and reach their full health potential,” said Patrick McNamara, President and CEO at Palm Health Foundation. “We make progress toward this vision by centering the voices of those we serve. Our Healthier Boynton Beach initiative is community-driven, with caregivers leading solutions for fellow caregivers to improve and sustain their quality of life.”

As part of leading this work, Ricky Petty, Healthier Boynton Beach Project Director shared, “Our community had a conversation about family caregiving and the importance of it and they realized some of the challenges that they face on a day-to-day basis. Challenges such as chronic health conditions, limited access to healthcare, supportive services and the financial strain that it has on families. This initiative is driven by their voice and experience.”

About CVS Health

CVS Health
^® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues — including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health — whether that’s managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system — and their personal health care — by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.

Media contacts

Courtney Tavener

401-712-3698
[email protected]

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SOURCE CVS Health

January 23, 2025 9:09 am

BrightFarms Partners With Instacart To Stave Off Resolution Quitters Via Free Salad Kits

PR Newswire

Committed To Helping People Eat Clean & Green™ in 2025, BrightFarms’ Crunch Kits Will Come Free With an Instacart Order on Thursday, January 23

IRVINGTON, N.Y.
, Jan. 23, 2025 /PRNewswire/ — BrightFarms, a national leader in the indoor farming industry, today announced a campaign with Instacart (NASDAQ: CART), the leading grocery technology company in North America, to deliver free salad kits* following Quitters Day. Noted as the day when most people abandon their New Year’s resolutions, Quitters Day is typically recognized as the second Friday in January. To keep the spirit of healthful resolutions alive longer, BrightFarms and Instacart will be offering free Crunch Kits™ before the month ends on Thursday, January 23. Consumers can head to the Instacart website or app to redeem this offer with their Instacart order and select an eligible Crunch Kit™ of their choosing while supplies last. *Delivery, sales tax and other fees will still apply.

“We’re committed to bringing our customers the crispiest, crunchiest, and freshest lettuce imaginable. Our partnership with Instacart takes that promise even further, ensuring that you can enjoy produce that’s not just better for your plate but better for the planet too,” said Jessica Soare, Senior Director of Marketing at BrightFarms. “We at BrightFarms are excited to help make healthy eating a bit easier at a time when it’s hard to consistently work toward wellness goals. We hope that we can help turn Quitters Day into a celebration of fresh beginnings, fueling our customers’ with fresh and locally-grown greens delivered directly to their doors.”

As a leader in the indoor farming industry that makes fresh, responsibly-grown produce, BrightFarms offers a robust line of fresh lettuce and herb options, from classic greens to crunchy mixes. As part of the Quitters Day promotion, Instacart customers can choose to redeem one of the following fan-favorite salad kits:

Mediterranean: a vegetarian-driven salad featuring bright and robust Greek flavors, feta cheese, roasted lentils, herbed flatbread and a feta vinaigrette.
Southwest Chipotle: a perfect blend of heat and smoke with tangy, bold flavors featuring fire roasted corn, cotija cheese, tortilla strips and chipotle ranch dressing.
Chickpea Caesar: a delightful twist on a culinary classic. This kit starts with fresh BrightFarms Sunny Crunch greens, topped with crispy chickpeas, organic quinoa, shaved parmesan, garlic crouton crumbles, and paired with a vegan Caesar dressing.
Sunny Bacon: a savory salad topped with uncured bacon bits, shredded white cheddar cheese, sunflower seeds, crispy onions, herb croutons, and paired with a vegan Ranch dressing.

For more information, visit www.brightfarms.com or www.instacart.com.

*Fees, taxes and terms apply. $10+ order minimum required. Limit 1 per person, eligible items only, while supplies last. Expires 01/26/2025. Additional terms and conditions apply.

About BrightFarms

BrightFarms is a leader in the booming indoor farming industry, transforming how produce is grown and delivered with its expanding network of high-tech, high-efficiency hydroponic farms. Acquired by Cox Enterprises in 2021, BrightFarms operates hydroponic greenhouse farms in the communities it serves, enabling it to eliminate transportation time, distance, and costs from the food supply chain. BrightFarms’ growing methods, a model for the future of scalable, local farming, uses less land and water on a per yield basis than traditional field-grown agriculture. BrightFarms currently operates 5 greenhouse farms in New Hampshire, Pennsylvania, Virginia, North Carolina, and Illinois, and 3 high-tech regional greenhouse hubs in Texas, and Georgia. BrightFarms’ fresh lettuce options, from classic greens to crunchy mixes and salad kits, are available in more than 5,000 retail stores* across the Central, Eastern, and Southwest regions of the United States. To learn more about BrightFarms and find a store near you, visit www.brightfarms.com.

About Cox Farms

Cox Farms is redefining farming and leading the way in growing a safe, secure, and responsible food supply capable of feeding a growing population, regardless of calendar or climate. Through its multinational network of indoor farms and consumer brands, including BrightFarms and Mucci Farms, the business is the largest greenhouse operator in North America with anticipated revenues approaching $1 billion and a workforce comprising over 2,500 dedicated employees. Cox Farms is future-proofing the world of produce with clean, flavorful products serving the biggest names in retail and food service. Owned by Cox Enterprises, a multigenerational family-owned business with a long history in agriculture, Cox Farms represents Cox’s commitment to improving the planet and providing healthy food options to all. Learn more at CoxFarmsGrowers.com.

About Instacart

Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,500 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 85,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com. Maplebear Inc. is the registered corporate name of Instacart.

Media Contact

Power Digital Marketing
[email protected]

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SOURCE BrightFarms