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Clarification on SMIC volume purchase agreement

Clarification on SMIC volume purchasing agreement

VELDHOVEN, the Netherlands, March 3,  2021 – A disclosure has been made by SMIC under Hong Kong listing rules regarding a Volume Purchase Agreement (VPA) with ASML. This relates to an existing agreement for DUV lithography that was already entered into on January 1, 2018 and that would run originally until December 31, 2020 and which was extended on February 1, 2021 to be valid until end December 2021.

The total amount of purchase orders under the VPA was completed in the past 12 months’ period from March 16, 2020 until March 2, 2021 – to an aggregate amount of  $1.2 billion. The VPA, including its extension, is not a material event for ASML. We understand that the transactions contemplated under the VPA constitute disclosable events for SMIC under the Hong Kong Listing Rules.

Media Relations contacts Investor Relations contacts
Monique Mols +31 6 5284 4418 Skip Miller +1 480 235 0934
Sander Hofman +31 6 2381 0214 Marcel Kemp +31 40 268 6494
Brittney Wolff Zatezalo +1 408 483 3207  Peter Cheang +886 3 659 6771

About ASML

ASML is one of the world’s leading manufacturers of chip-making equipment. Our vision is a world in which semiconductor technology is everywhere and helps to tackle society’s toughest challenges. We contribute to this goal by creating products and services that let chipmakers define the patterns that integrated circuits are made of. We continuously raise the capabilities of our products, enabling our customers to increase the value and reduce the cost of chips. By helping to make chips cheaper and more powerful, we help to make semiconductor technology more attractive for a larger range of products and services, which in turn enables progress in fields such as healthcare, energy, mobility and entertainment. ASML is a multinational company with offices in more than 60 cities in 16 countries, headquartered in Veldhoven, the Netherlands. We employ more than 28,000 people on payroll and flexible contracts (expressed in full time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. More information about ASML, our products and technology, and career opportunities is available on www.asml.com.

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Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs

Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs

Walmart strengthens its commitment to U.S. manufacturing with a $350-billion investment over the next 10 years and announces the launch of “American Lighthouses,” a collaborative program to better sustain manufacturing in strategic regions of the country

BENTONVILLE, Ark.–(BUSINESS WIRE)–
Today, Walmart is announcing a strengthened commitment to American jobs and communities, with a goal of investing $350 billion in the future of U.S. manufacturing over the next 10 years. The retailer estimates that this spend will support more than 750,000 new American jobs.1

In 2013, Walmart made a commitment to invest $250 billion in products made, grown, or assembled in America. Walmart is on track to deliver on that commitment – and expand on it with today’s announcement.

“U.S. manufacturing really matters,” said John Furner, President & CEO, Walmart U.S., who made the announcement at Techtronic Industries (TTI) in Anderson, S.C. “It matters to our suppliers, to entrepreneurs and to the environment. It matters to our customers – more than 85 percent of which have said it’s important for us to carry products made or assembled in the U.S. And most of all, because of the jobs it brings, it matters to American communities and the people who live in them.”

Walmart has identified six priority categories on which to focus its investment: textiles; plastics; small electrical appliances; food processing; pharmaceutical and medical supplies; and Goods Not For Resale (GNFR).

The impact of this commitment goes beyond products and jobs. It could result in an estimated reduction of as much as 100M metric tons of CO2 emissions avoided by sourcing closer to customers,2 as well as an increase in spending with diverse suppliers based in the U.S.

In addition, Walmart will launch a new concept called “American Lighthouses,” with the goal of supporting U.S. manufacturing in a sustainable, long-term way. The retailer plans to unite key stakeholders in specific regions of the country to identify and overcome barriers to U.S. production. These Lighthouses will bring together participants from the supplier community, including manufacturers and NGOs, as well as others from academia, government, and local economic development groups.

Walmart’s announcement drew bipartisan support from federal officials who represent states that are home to Walmart suppliers.

“It is an honor to have Walmart’s CEO John Furner launch the company’s 10-year investment from TTI’s Anderson, South Carolina, facility,” said U.S. Senator Tim Scott, a Republican from South Carolina. “I am passionate about bolstering the American supply chain and creating more high-paying jobs in South Carolina and for folks all across the country. Congratulations and thank you to Walmart for the great impact you will continue to make on our nation’s economy.”

“I want to congratulate Walmart on increasing its commitment to U.S. manufacturing,” said U.S. Senator Chris Coons, a Democrat from Delaware, home to Zenith Home Corp./Maytex manufacturing. “Zenith/Maytex manufactures and assembles home fashion products we can see on store shelves in our local Walmart, and the company has been able to strengthen its operations with help from the Delaware Manufacturing Extension partnership. We’re proud that Zenith’s story of investing in the U.S. is one today’s announcement aspires to replicate across the country.”

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

1Per Boston Consulting Group using data from the Economic Policy Institute and Bureau of Labor statistics.

2 Calculated based on total spend of $350B from FY21 – FY31. Sources: Environmental Defense Fund, United Nations Conference on Trade and Development (NCTAD). Boston Consulting Group analysis.

Walmart Media Relations

1.800.331.0085

http://news.walmart.com/reporter

KEYWORDS: Delaware South Carolina Arkansas United States North America

INDUSTRY KEYWORDS: Retail Chemicals/Plastics Discount/Variety Environment Manufacturing Other Manufacturing Textiles

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Canola/Rapeseed Pan-Genome Consortium Results Reveal Broad Genetic Diversity of the Crop

Canola/Rapeseed Pan-Genome Consortium Results Reveal Broad Genetic Diversity of the Crop

NESS ZIONA, Israel & SAN DIEGO & SASKATOON, Canada–(BUSINESS WIRE)–
A consortium of leading academic and commercial companies from the USA, Canada, Europe and Israel, together with NRGene (TASE:NRGN), has announced the successful completion and results of the canola/rapeseed pan-genome. The International Canola Pan-genome Consortium was established in 2019 to advance the rapeseed agricultural industry by capturing this crop’s broad genetic diversity.

The global consortium was led jointly by Dr. Isobel Parkin from the Government of Canada’s Agriculture & Agri-food Canada (AAFC), Dr. Andrew Sharpe from the Global Institute for Food Security (GIFS) at the University of Saskatchewan, Canada, and NRGene, a leading genomic Artificial Intelligence (AI) company based in Israel. The consortium included key players in the canola industry, among them Bayer, Corteva Agriscience, Nutrien Ag Solutions and Nuseed. Each contributed their own canola lines to the research and received the full pangenome comparison results.

“We are thrilled to be part of this consortium, leading the charge to expand canola productivity,” Corteva Agriscience Canola Breeding Leader, Steve King, said. “The pan-genome will allow us to create higher-performing canola seed products, boosting productivity and enabling farmers and their communities to thrive.”

Rapeseed is a major oil seed crop considered to be a high-quality vegetable oil and commonly used in food production and various industrial applications, including biofuel. According to the United Nation’s Food and Agriculture Organization, rapeseed is farmed on approximately 35 million acres globally and produced 85 million tons in 2019. Canola is the brand name for Canadian rapeseed varieties. Extensive breeding is done globally, focusing on developing higher yielding and more nutritional rapeseed varieties that can naturally resist plant diseases. The use of DNA markers already enhanced canola breeding over the past three decades. Yet, due to canola’s genome complexity, diversity, and instability, the need for a whole genome understanding became a bottleneck in canola breeding. Building a pan-genome database to unravel the broad genomic diversity in canola is the key to expanding the crop’s productivity.

“Working with industry to build a pan-genome database, and understanding the whole genome is a key advancement in our ability to unlock the full potential of canola for improved agronomics, healthier oil profiles, and developing entirely new canola plant-based solutions,” said Dr. Leon Streit, Nuseed Global R&D Leader.

The consortium generated a full genome sequence of 12 rapeseed varieties that were assembled using NRGene’s DeNovoMAGIC™ software. Each genome was built from about 1 billion DNA chemical elements and on average differ from other genomes in 40% of the DNA elements. These differences in the genetic content are responsible for the unique field performance of each variety. In order to identify all of the unique DNA elements in each variety, NRGene performed an all-to-all comparison on the dozen chromosome-level genome sequences and built the pan-genome database.

“The completion of the sequencing of all the genomes and the delivery of the comparative pan-genome analysis has revealed the scope of genetic diversity that exists within the crop and is truly the final satisfying step of this rewarding initiative,” said Dr. Andrew Sharpe.

“This is the first time that a project puts 12 Brassica genome sequences together allowing canola breeders the opportunity to examine and compare variations among multiple varieties at the genomic level. Advancements like this match with our innovation strategy and our Purpose at Nutrien. To grow the world from the ground up,” said Bruce Harrison, Senior Director, Seed Breeding & Innovation, Nutrien Ag Solutions.

The pan-genome will be used by the consortium members, and following scientific publication, will be available to the entire canola breeding and research community to accelerate the genetic understanding of this important crop. Elite lines harboring key commercial traits will be developed rapidly and bring better quality products to the market.

“The pan-genome is already revealing previously hidden novel structural variation that will prove invaluable in characterizing economically important traits,” said Dr. Isobel Parkin.

“We are pleased that NRGene’s genomic AI tools were chosen by the leading canola research teams to build an accurate pan-genome,” said Dr. Gil Ronen, NRGene’s CEO. “With the great help of our consortium partners, we successfully created a valuable asset that will be used for the coming decades towards overcoming canola’s key breeding challenges.”

To learn more about the Canola Pan-genome project, join our next webinar: Register here

About NRGene

NRGene develops and commercializes cutting-edge AI based genomic tools that are reshaping agriculture and livestock worldwide. Our cloud-based software solutions are designed to analyze big data generated by next generation sequencing technologies in an affordable, scalable and precise manner. By applying our vast proprietary databases and AI-based technologies, we provide leading international agriculture, seed and food companies, with computational tools to optimize and accelerate their breeding programs, significantly increasing crop yield and saving time and money. Among our customers are companies from different verticals, such as agriculture, food, beverages, oil, paper, rubber, cannabis, and others.

About GIFS:

The Global Institute for Food Security (GIFS) works with partners to discover, develop and deliver innovative solutions for the production of globally sustainable food. A catalyst for agricultural innovation, GIFS offers a solution-oriented approach to research and development.

About AAFC:

Agriculture and Agri-Food Canada (AAFC) supports the Canadian agriculture and agri-food sector through initiatives that promote innovation and competitiveness.

Yana Voldman

Marketing Director

NRGene

Phone: +972-50-9002844

[email protected]

KEYWORDS: California North America United States Middle East Israel Canada

INDUSTRY KEYWORDS: Technology Agriculture Natural Resources Software Research Science

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Cloudflare Named a Leader in DDoS Mitigation Services

Cloudflare Named a Leader in DDoS Mitigation Services

Independent research firm ranks Cloudflare as a leader among DDoS protection providers

SAN FRANCISCO–(BUSINESS WIRE)–Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, has been named by Forrester Research, Inc. as a Leader in The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021 report. Cloudflare’s DDoS solutions received the highest possible scores in 15 criteria, including threat detection, burst attacks, speed of implementation, product vision, performance, response automation, and security operations centers.

“Cloudflare was founded with the mission to help build a better Internet, which has inspired our efforts over the course of the last ten years to protect our customers’ Internet properties from DDoS attacks of any size or kind,” said Matthew Prince, co-founder and CEO of Cloudflare. “We feel that this recognition as a leader by Forrester is a testament to our commitment to helping everyone from independent bloggers to Fortune 500 companies stay always on, and always secure.”

In the Forrester Wave™: DDoS Mitigation Solutions, Forrester notes, “Cloudflare protects against DDoS from the edge, and fast. Cloudflare prides itself on its global network. It often trumpets that it’s the fastest, or one of the biggest, or one of the most interconnected.” The report continues, “its DDoS protection service benefits from enormous network capacity. Cloudflare’s mission is to help build a better Internet and to make the impact of DDoS a thing of the past. Given the satisfaction cited by their customers, they are at least on track.”

Cloudflare’s global network spans more than 200 cities in over 100 countries and is built so that every machine in every data center performs DDoS mitigation. With a network capacity of 59 Tbps, Cloudflare’s network blocks an average of 57 billion cyber threats per day, including some of the largest DDoS attacks in history. On top of this, Cloudflare’s global threat intelligence acts as an immune system for the Internet — employing machine learning models to learn from and mitigate attacks against any customer to protect them all.

Forrester evaluated 11 participating vendors based on 28 criteria including current offering, strategy, and market presence. To learn more, please check out the resources below:

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures 2018 list and ranked among the World’s Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, Seattle, WA, New York, NY, San Jose, CA, Washington, D.C., Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.

Daniella Vallurupalli

[email protected]

KEYWORDS: California Ireland United States Singapore United Kingdom North America Asia Pacific Europe

INDUSTRY KEYWORDS: Internet Security Data Management Technology Software

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GreyOrange and Vicarious Launch Autonomous Vertical Picking Solution for Apparel and Omnichannel Fulfillment

— First-of-its-kind fulfillment innovation drives efficiency, safety and sustainability in distribution centers as the only vertical picking solution on the market —

ATLANTA and SAN FRANCISCO, March 03, 2021 (GLOBE NEWSWIRE) —  GreyOrange, a global leader in AI-enabled software and robotics for fulfillment automation, today announced a partnership with Vicarious, an AI robotic integrator that automates tasks too versatile and complex to be handled by traditional, hard-coded automation systems. Together Vicarious and GreyOrange have launched the industry’s first and only Autonomous Vertical Picking solution for automated pick-n-pack operations in omnichannel fulfillment.

Autonomous Vertical Picking from Vicarious interfaces smoothly into a global workflow orchestrated by GreyOrange’s GreyMatter™ Fulfillment Operating System (FOS), which uses advanced science to continuously evaluate order fulfillment performance and prioritize decisions and workflows. At the beginning of the process, GreyOrange’s Ranger GTP robots (Goods-To-Person) bring inventory on Mobile Stock Units (MSUs) to the pick-pack station. There, the Autonomous Vertical Picking solution perceives the size, shape and material characteristics of inventory items, including when these are loosely positioned in an unstructured fashion, eliminating the need to create fixture definitions and programming. The solution then applies the appropriate motion to approach, retrieve and place items into order boxes. Autonomous Vertical Picking can handle all kinds of inventory, including small and delicate individual items (“eaches”), folded stacks of apparel “eaches” and bagged or unbagged apparel.

“Vicarious’ computer-vision and robotics technology is a breakthrough in the ability to handle unstructured, previously hard-to-grasp items. Combined with GreyOrange’s knowhow in fulfillment workflows we can offer a game-changing solution to the industry,” said Dileep George, co-founder and CTO of Vicarious.

While other autonomous picking solutions perform overhead downward picking from totes holding single items, this launch marks the first solution able to pick a variety of dissimilar inventory items stored in vertical Mobile Stock Units. It works alongside people in the distribution center, augmenting capacity while enabling the human workforce to maintain safe physical distances from each other.

“This partnership expands the autonomous picking capabilities of our GreyMatter platform, enabling fulfillment centers to operate at higher throughputs without interruption,” said Akash Gupta, co-founder and CTO for GreyOrange.

“Using AI-driven software combined with smart robots can help ecommerce and omnichannel players increase the efficiency of their operations by 300 to 400 percent while also providing safe and socially-distanced work environments for their associates. This type of fulfillment technology gives them an edge over their competition when it comes to managing pace and talent,” Gupta concluded.

The key benefits of Autonomous Vertical Picking include:

  • Efficiency: Overall solution improves capacity and reduces fulfillment costs for customers
  • Safety: Enables human workforce to maintain safe physical distance, reduces repetitive tasks
  • Sustainability: Capable of handling bagged or unbagged apparel items to reduce plastic waste

About GreyOrange

GreyOrange is a global leader in AI-driven software (the GreyMatter™ Fulfillment Operating System) and smart robotics (the Ranger™ Robot Series) that automate and modernize fulfillment operations. GreyOrange builds software and robots together so they cooperate in selecting and executing warehouse activities based on a company’s priorities. This enables companies to better meet the demands of modern commerce by making and keeping more customer promises, capturing more revenue, maximizing efficiency and improving work experiences for their employees. For more information on GreyOrange, visit www.GreyOrange.com.

About Vicarious

Vicarious is a robotic integrator that relies on neuroscience-based AI to automate tasks previously too complex and versatile for traditional automation. In addition to vertical picking and e-commerce fulfillment, Vicarious also develops kitting, palletizing and packaging applications. Vicarious builds on 10 years of research and development and is backed by Silicon Valley’s biggest tech titans such as Jeff Bezos, Elon Musk and Mark Zuckerberg, as well as by several industrial investors. For more information on Vicarious, visit www.vicarious.com.

For more information on GreyOrange, visit www.GreyOrange.com.

Media Contacts
Daniel Li
Vicarious FPC, Inc.
510-800-7050
[email protected]

Allison Mills
LeadCoverage
706-200-2148
[email protected]



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IZEA Managed Services Bookings Reach 45% YoY Growth to Date in Q1

Company Awarded Multiple Contracts from New and Existing Customers

Orlando, Florida, March 03, 2021 (GLOBE NEWSWIRE) — IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced today that it has reached a new milestone for Q1. IZEA’s Managed Services bookings for Q1 2021 to date are now 45% greater than Managed Services bookings for all of Q1 2020, with four weeks of business development activity still remaining in the quarter. The year over year bookings growth for Managed Services builds upon IZEA’s record Q4 2020 bookings. IZEA previously reported that its Managed Services bookings increased 48% in Q4 of 2020, as compared to Q4 2019.

The growth builds upon the award of contracts by two Fortune 200 customers in late February. The most recent expansion of Managed Services bookings is the result of being awarded multiple influencer marketing contracts from a mix of both new and existing customers. Those customers include two of the top five global consumer packaged goods companies, a Fortune 100 retailer, and Fortune 500 apparel maker.

Bookings are a measure of all sales orders minus any known or expected cancellations or refunds with respect to such sales orders or refunds. Management uses bookings to inform expectations of total sales activity. Bookings are not always an indicator of revenue for the quarter and could be subject to future adjustment. Revenue from Managed Services bookings are typically recognized over a 6-month period on average.

In addition to Managed Services growth, IZEA’s total active SaaS customer base increased to new record numbers in February 2021, largely driven by signups for IZEAx Discovery, the company’s self-service influencer discovery tool. The active customer count for IZEAx Discovery in February 2021 has more than doubled as compared to February 2020. The company is also seeing continued positive sales momentum with IZEAx Unity Suite new customer wins, particularly among the more affordable pricing tiers introduced last year. The number of new Unity Suite customers signed thus far in Q1 2021 has already exceeded Q4 of 2020.

“Our team is executing on multiple fronts and I am pleased with the momentum we continue to build,” said Ted Murphy, IZEA’s Chairman and CEO. “Team IZEA is seeing a steady stream of renewals and expansions of contracts from Fortune 500 customers, a testament to our industry leadership and commitment to providing high quality customer service. Not only are we seeing repeat business, but we are also seeing a strong expansion of our active customer base from our SaaS efforts. We are benefitting from the aggressive investments we are making in marketing and engineering, combined with a more accessible and affordable software pricing structure. We have made this transition knowing that there would be near term negative impact on licensing revenue, but believe that lower price points will create a much larger revenue opportunity long term as more companies license IZEA technologies.”

About IZEA Worldwide, Inc.

IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive measurable return on investment.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,” “intend,” “likely,” “projects,” “plans,” “pursue,” “strategy” or “future,” or the negative of these words or other words or expressions of similar meaning.  Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.



Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: [email protected]

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SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velodyne Lidar, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velodyne Lidar, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Velodyne Lidar, Inc. (“Velodyne” or “the Company”) (NASDAQ: VLDR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 9, 2020 and February 19, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before May 3, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Certain Velodyne directors failed to maintain an attitude of respect, honesty, integrity, and candor with the Company’s officers and directors. The Company had launched investigations into this matter. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Velodyne, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

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SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Communications Systems, Inc. Merger

WILMINGTON, Del., March 03, 2021 (GLOBE NEWSWIRE) — Rigrodsky Law, P.A. announces that it is investigating Communications Systems, Inc. (“Communications Systems”) (NASDAQ GS: JCS) regarding possible breaches of fiduciary duties and other violations of law related to Communications Systems’ agreement to merge with Pineapple Energy, LLC.

To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-communications-systems-inc.

You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky Law, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com



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IIROC Trading Halt – EXRO

Canada NewsWire

VANCOUVER, BC, March 3, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Exro Technologies Inc.

TSX-Venture Symbol: EXRO

All Issues: No

Reason: Single Stock Circuit Breaker

Halt Time (ET): 10:10:54 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Eloro Resources Announces Upsize to Previously Announced Bought Deal Financing to C$21.75 Million

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to C$21.75 million (the “Upsized Offering”).

Under the terms of the Upsized Offering, Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the “Underwriters”) have agreed to purchase, on a bought deal basis, 5,800,000 units (the “Units”) at a price of C$3.75 per Unit (the “Issue Price”) for gross proceeds to the Company of C$21,750,000.

Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$5.25 for a period of 24 months from the closing date of the Upsized Offering. The expiry date of the Warrants may be accelerated by the Company at any time following the six-month anniversary of the closing date of the Upsized Offering and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Company’s common shares is greater than C$7.00 for any 20 consecutive trading days, at which time the Company may accelerate the expiry date by issuing a press release to announce the reduced warrant term, whereupon the Warrants will expire on the 20th calendar day after the date of such press release.

In addition, the Company has agreed to grant to the Underwriters an option to purchase up to an additional 15% of the number of Units sold under the Upsized Offering at a price per Unit equal to the Issue Price, on the same terms and conditions as the Upsized Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Upsized Offering.

The net proceeds from the Upsized Offering will be used for exploration and development at the Company’s projects in Bolivia and Peru, and for general working capital and corporate purposes.

The Units will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Units will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Upsized Offering is scheduled to close on or about March 26, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

In connection with the Upsized Offering, the Underwriters will receive a cash commission of 6.0% of the gross proceeds of the Upsized Offering and that number of non-transferable compensation options (the “Compensation Options”) as is equal to 6.0% of the aggregate number of Units sold under the Upsized Offering. Each Compensation Option is exercisable into one Common Share at the Issue Price for a period of 24 months from the closing date of the Upsized Offering.

The securities offered in the Upsized Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eloro

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.