Market Newsdesk

American Tower Closes First Tranche of Telxius Towers Acquisition

BOSTON–(BUSINESS WIRE)–
American Tower Corporation (NYSE: AMT) today announced that it has closed the first tranche of its Telxius Towers acquisition, comprised of nearly 20,000 communications sites in Germany and Spain, for total consideration of approximately €6.2 billion (approximately $7.6 billion at current foreign currency exchange rates). The closing was funded by a combination of cash on hand and borrowings under the Company’s revolving credit facilities and term loans. Approximately 4,000 additional rooftop communications sites in Germany are expected to close in the third quarter of 2021.

Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are excited to close on these high-quality, well-located assets and are ready to quickly and efficiently integrate them into our existing European portfolio. We expect to utilize our newly augmented leadership position in Germany and Spain to drive strong, sustainable, long-term growth while delivering best-in-class service to existing and new tenants as they enhance mobile broadband connectivity for their customers.

As one of the largest independent communications infrastructure providers in Europe, we believe we are now optimally positioned to benefit from accelerating 5G deployments across the region through a combination of organic growth, new builds and the potential for selective future acquisitions.”

American Tower expects this first tranche of assets to generate approximately $280 million in property revenue and approximately $145 million in gross margin for the balance of 2021, at current foreign currency exchange rates, and to be immediately accretive to Consolidated AFFO per Share.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 207,000 communications sites. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations website at www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the expected closing timeline of the remaining sites described above, expected financial projections for the portfolio and the impact on our consolidated results. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information contained in Item 1A of our Form 10-K for the year ended December 31, 2020 under the caption “Risk Factors,” and in other filings we make with the Securities and Exchange Commission. We undertake no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

Consolidated AFFO is a non-GAAP financial measure. For more information, see our Form 10-Q for the quarter ended March 31, 2021 under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Financial Measures” and “– Results of Operations.” Additionally, Consolidated AFFO per Share is a non-GAAP measure, and is defined as Consolidated AFFO divided by the diluted weighted average common shares outstanding.

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ATC: Igor Khislavsky

Vice President, Investor Relations

Telephone: (617) 375-7500

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Mobile/Wireless Technology Construction & Property Other Communications REIT Other Technology Communications Networks Other Construction & Property

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Baker Hughes Delivers Largest Remote Operations Solution in Support of Aramco’s Ongoing Digital Transformation

• Digital project delivers data management and insights across Aramco’s entire drilling fleet, making it the largest deployment in Baker Hughes’ history
• Cross-training of local talents and a new digital remote center create a foundation for transformation

DHAHRAN, Saudi Arabia–(BUSINESS WIRE)–
Baker Hughes (NYSE:BKR) announced it has deployed its industry-leading remote operations digital technology across Aramco’s drilling operations, encompassing 200+ sites, the largest deployment of its kind in Baker Hughes’ history.

Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with a single solution that covers data aggregation from the edge; real-time, unified data streaming and visualization; data management; software development services; rig-site digital engineers; and monitoring personnel. The project supports Aramco’s ongoing efforts to further drive digital opportunities and initiatives and to enhance operating performance and reduce emissions.

Baker Hughes’ technology, delivered through the WellLink solution, includes the following benefits that build on Aramco’s current digital capabilities:

• Remote monitoring personnel receive faster, higher quality, standardized, real-time data delivered through a modern user experience, enabling enhanced well monitoring and management.
• Field-based personnel have access to a unified view of wellsite operations from all providers on location, enabling effective and proactive mitigation of drilling hazards.
• Office-based personnel have easy access to current and historical well data for quick visualization and benchmarking, enabling proactive operations management with a direct line to the wellsite.

By connecting all drilling sites with an integrated solution, Aramco enhances its view of its drilling operations in real time. Following the contract award to Baker Hughes in 2020, the combined teams worked in close collaboration and deployed the technology 50% faster than originally planned, despite working under pandemic conditions. Baker Hughes teams conducted more than 400 onshore and offshore trips across 350,000 kilometers (217,480 miles) to install rig-site edge devices and integrate data streaming, monitoring and visualization capabilities into Aramco’s existing digital infrastructure.

To support the needs of 2,000+ end users and 24/7 drilling operations, Baker Hughes and Aramco established a dedicated center staffed by a multi-disciplinary team of software engineers, data professionals and field service technicians. As part of Baker Hughes’ localization strategy, the team is staffed with 90% Saudi nationals who are being cross-trained on essential digital competencies in data operations.

“This remote operations deployment, the largest in Baker Hughes’ history, is a strong example of how we are investing for growth with customers who are driving digital transformation at a rapid pace, such as Aramco,” said Maria Claudia Borras, executive vice president of Oilfield Services at Baker Hughes. “We will continue to expand our upstream digital capabilities to transform core operations, improve efficiency and reduce emissions. I am proud of the Baker Hughes team’s resilience in safely executing this complex project amid the challenges of the pandemic.”

The Aramco deployment builds on Baker Hughes’ remote operations capabilities, spanning remote drilling, logging, and production monitoring, to remote monitoring and diagnostic services for turbomachinery and large-scale industrial and renewable energy applications. Baker Hughes currently executes 87% of global drilling services jobs remotely, leading to consistently better outcomes for customers.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005283/en/

Madonna Mekhail

+971 (4) 8211708

[email protected]

KEYWORDS: Texas United States Saudi Arabia North America Middle East

INDUSTRY KEYWORDS: Alternative Energy Energy Utilities Oil/Gas

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Flexiti, a Subsidiary of CURO, Signs LFL Group to 10-Year Exclusive Point-of-Sale Consumer Financing Agreement

LFL Group is Canada’s largest home furnishing retailer with over 300 outlets

WICHITA, Kan.–(BUSINESS WIRE)–
CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), a tech-enabled, multi-channel and multi-product consumer finance company serving a wide range of non-prime and prime consumers in the U.S. and Canada and a market leader in the industry based on revenue, today announced that Flexiti, the company’s wholly-owned subsidiary, signed LFL Group (TSX: LNF) (“LFL”), Canada’s largest home furnishings retailer, to a 10-year exclusive point-of-sale (“POS”) consumer financing agreement (the “Agreement”).

LFL, also known as Leon’s Furniture Limited, operates more than 300 stores across Canada under several banners including Leon’s, The Brick, The Brick Mattress Store, The Brick Outlet, Furniture.ca, Appliance Canada and Midnorthern Appliance. The Agreement includes all LFL retail banners and covers both in-store and online sales. The Agreement expands the strong and established relationship between the two companies: the FlexitiCard® has been accepted at The Brick since 2018 and has been used to apply and buy online at thebrick.com and leons.ca since 2019. Flexiti estimates the POS lending relationship will generate more than C$800 million in annual financed sales. Flexiti believes the Agreement, which begins on July 1, 2021, positions the company as the largest provider of POS financing solutions in Canada. As part of the 10-year exclusive agreement, LFL was granted a warrant to purchase 19.9% of Flexiti that is only exercisable if Flexiti becomes a separate publicly traded entity or if it undergoes a change of control.¹

“We are thrilled to announce the expanded partnership between Flexiti and LFL Group,” said Peter Kalen, founder and Chief Executive Officer of Flexiti. “For three years, we have seen our FlexitiCard customers making purchases at The Brick and Leon’s. Now, customers at LFL stores and ecommerce sites can apply and obtain access to the same 0% financing options that LFL has pioneered for its customers. It is an incredible honor to partner with LFL’s management team, who have delivered leading-edge financing solutions to their customers that provide both exceptional value and affordability.”

Edward Leon, Chief Executive Officer of LFL Group, said, “At Leon’s Furniture Limited, we have always embraced innovation and strived for better ways to serve our customers. This partnership with Flexiti is a continuation of that commitment. With our large network of retail stores across Canada as well as our successful ecommerce sites, we are very pleased to bring a best-in-class, omni-channel financing experience to our customers to make shopping easier and more affordable. We are looking forward to deepening our partnership with the team at Flexiti.”

“We are excited to see the scope of Flexiti’s relationship with LFL grow meaningfully through this long-term exclusive agreement that will deliver Flexiti’s innovative financing solutions to an even greater number of Canadians,” said Don Gayhardt, CURO’s Chief Executive Officer. “When CURO announced the Flexiti acquisition earlier this year, we said that a key benefit of the transaction would be enhancing our growth profile in Canada, a key market for us. We also expressed our deep commitment to continue providing Flexiti’s merchants with industry-leading service and solutions to improve sales and customer satisfaction. This 10-year Agreement with LFL demonstrates the strength of Flexiti’s offering and the considerable opportunity in the POS and buy-now-pay-later space and Flexiti’s ability to build strong long-term relationships and execute with its merchant partners.”

With 2020 total system-wide sales of C$2.7 billion, LFL is one of the largest furniture and appliance retailers in North America. LFL’s coast-to-coast retail footprint includes stores in all of Canada’s largest population centers. Founded in 1909, LFL has served the home furnishings needs of Canadian consumers for over 100 years. For the last three years, LFL has prioritized the development of a world-class, scalable, online option that allows customers to shop when, where and how they want. ecommerce will remain a centerpiece of LFL’s omni-channel approach, offering customers the best of both worlds.

Investor Call

CURO will hold a conference call to discuss the Agreement with LFL at 8:30 am ET today. The call will include a discussion of the agreement followed by a question-and-answer session. A supplemental investor presentation providing more detail on the Agreement is available in the “Events & Presentations” section of CURO’s Investors website at https://ir.curo.com/events-and-presentations.

Conference Call Information: The live webcast of the call can be accessed at the CURO Investor Relations website at http://ir.curo.com/. You may access the call at 1-866-807-9684 (1-412-317-5415 for international callers). Please ask to join the CURO Group Holdings call.

Archive: A taped replay of this call will be available until June 8, 2021, Eastern Time. You may access the conference call replay at 1-877-344-7529 (1-412-317-0088 for international callers). The replay access code is 10157217. An archived version of the webcast will be available on the CURO Investors website for 90 days.

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements include statements regarding projections, estimates and assumptions about the level of financed sales under the agreement and the impact of the agreement on our business. In addition, words such as “guidance,” “estimate,” “anticipate,” “believe,” “forecast,” “step,” “plan,” “predict,” “focused,” “project,” “is likely,” “expect,” “intend,” “should,” “will,” “confident,” variations of such words and similar expressions are intended to identify forward-looking statements. The ability to achieve these forward-looking statements is based on certain assumptions, judgments and other factors, both within and outside of our control, that could cause actual results to differ materially from those in the forward-looking statements, including: the success of the parties under the agreement and the level of customers’ use of the POS product; the effects of competition on the company’s business; our ability to attract and retain customers; market, financial, political and legal conditions; the future impact of COVID-19 pandemic on the company’s business and the global economy; our dependence on third-party lenders to provide the cash we need to fund our loans and our ability to affordably access third-party financing; errors in our internal forecasts; our level of indebtedness; our ability to integrate acquired businesses; actions of regulators and the negative impact of those actions on our business; our ability to protect our proprietary technology and analytics and keep up with that of our competitors; disruption of our information technology systems that adversely affect our business operations; ineffective pricing of the credit risk of our prospective or existing customers; inaccurate information supplied by customers or third parties that could lead to errors in judging customers’ qualifications to receive loans; improper disclosure of customer personal data; failure of third parties who provide products, services or support to us; any failure of third-party lenders upon whom we rely to conduct business in certain states; disruption to our relationships with banks and other third-party electronic payment solutions providers as well as other factors discussed in our filings with the Securities and Exchange Commission. These projections, estimates and assumptions may prove to be inaccurate in the future. These forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. There may be additional risks that we presently do not know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual future results. We undertake no obligation to update, amend or clarify any forward-looking statement for any reason.

About Leon’s Furniture Limited (LFL)

LFL is the largest retailer of furniture, mattresses, appliances and electronics in Canada. LFL’s retail banners include: Leon’s, The Brick, The Brick Mattress Store and The Brick Outlet. Finally, with the Midnorthern Appliance banner alongside the Appliance Canada banner, LFL is also the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. LFL has 303 retail stores from coast to coast in Canada under various banners. As well, the Company operates three ecommerce sites: leons.ca, thebrick.com and furniture.ca.

About Flexiti

Founded in 2013 by Peter Kalen, Flexiti is one of Canada’s fastest-growing point-of-sale fintech lenders, offering customers 0% interest financing at retailers that sell big-ticket goods like furniture, appliances, jewelry and electronics. Through its award-winning omni-channel platform, customers can be approved instantly to shop with their FlexitiCard®, which they can use online or in-store to make multiple purchases, within their credit limit, without needing to reapply. Accepted at over 7,000 locations and ecommerce sites across Canada including The Brick, Leon’s, Staples, Sleep Country, Wayfair, Birks and Peoples Jewellers, Flexiti aims to make our customers’ lives more affordable and help our retail partners grow their sales by offering flexible financing options.

Flexiti’s growth, driven by its financing platform, is recognized as market leading. In 2019, Flexiti was named Canada’s 11th fastest growing company by the Globe and Mail, ranked 7th in the Deloitte Technology Fast 50™ program, and 40th in Deloitte North America Technology Fast 500™. In 2020, Flexiti ranked 29th in The Americas’ 500 Fastest Growing Companies by the Financial Times, 6th in The Globe and Mail’s Canada’s Top Growing Companies, 3rd on the 2020 Growth List and 6th and 39th on Deloitte Technology Fast 50™ and Fast 500™, respectively. Flexiti is a wholly-owned subsidiary of CURO Group Holdings Corp. (NYSE: CURO).

For more information, visit www.flexiti.com.

About CURO

CURO Group Holdings Corp. (NYSE: CURO), serves the evolving needs of the financial consumer. In 1997, the Company was founded in Riverside, California by three Wichita, Kansas childhood friends to meet the growing consumer need for short-term loans. Their success led to opening stores across the United States, later expanding to offer online loans and financial services in the United States and Canada and now broadening into a full-spectrum consumer lender through the point-of-sale / buy-now-pay-later channel. CURO combines its market expertise with a fully integrated technology platforms, an omni-channel approach and advanced credit decisioning to provide an array of credit products across all mediums. CURO operates under a number of brands including Speedy Cash®, Rapid Cash®, Cash Money®, LendDirect®, Flexiti®, Avío Credit®, Opt+® and Revolve Finance®. With over 20 years of operating experience, CURO provides financial freedom to non-prime consumers.

___________________

¹ The warrant’s strike price is based on CURO’s purchase price for Flexiti, adjusted for additional earnout payments. LFL will have no board representation or other governance or information rights.

(CURO-NWS)

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005286/en/

Investor Relations:

Roger Dean

Executive Vice President and Chief Financial Officer

Phone: 844-200-0342

Email: [email protected]

or

Financial Profiles, Inc.

[email protected]

KEYWORDS: Kansas United States North America Canada

INDUSTRY KEYWORDS: Finance Other Retail Banking Specialty Professional Services Home Goods Retail Other Professional Services Online Retail

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Michael Smithson Joins Tutor Perini to Lead the Building and Specialty Contractors Segments

LOS ANGELES–(BUSINESS WIRE)–
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that Michael Smithson recently joined the Company as an Executive Vice President to lead and manage the growth and future success of the Building and Specialty Contractors segments. Previously, Mr. Smithson was a Senior Vice President at Skanska USA for nine years, where he was responsible for Skanska’s heavy civil projects located within Los Angeles County and its underground heavy civil projects in the western United States. Prior to joining Skanska USA, he worked for Kenny Construction in Chicago for seven years. Mr. Smithson has a Bachelor of Science in Geologic Engineering from Purdue University and a Master of Science in Civil Engineering from the University of Illinois at Urbana-Champaign.

Ronald Tutor, Chairman and Chief Executive Officer of Tutor Perini, commented, “We are pleased to welcome Mike to our management team and look forward to working with him to drive the next phase of the Company’s growth.”

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005152/en/

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Urban Planning REIT Landscape Interior Design Building Systems Architecture Other Construction & Property Residential Building & Real Estate

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Second Sight Medical Products Announces Results of its 2021 Annual Meeting

LOS ANGELES–(BUSINESS WIRE)–
Second Sight Medical Products, Inc. (NASDAQ: EYES) (the “Company” or “Second Sight”), a leading developer of implantable visual prosthetics that are intended to create an artificial form of useful vision for blind individuals, today announced results of its annual meeting held May 28, 2021.

Second Sight held its annual meeting online due to the COVID-19 pandemic. 60.98% of shareholders were present online or by proxy. Shareholders voted on four proposals: (1) electing six (6) members of the Board of Directors, to serve until the next annual meeting of shareholders in 2022 and until their successors are duly elected and qualified, (2) ratifying the appointment of Gumbiner Savett Inc. as our independent registered public accounting firm for 2021, (3) approving, on a non-binding advisory basis, the compensation of our named executive officers, and (4) indicating, on an advisory basis, the preferred frequency of shareholder advisory votes on the compensation of the Company’s named executive officers. The Board of Directors of the Company unanimously approved each of the Proposals and recommended that the shareholders approve each of the Proposals up for vote at the meeting. The results are:

Proposal 1: The shareholders elected each of the six director nominees to the Board of Directors of the Company to serve until the 2022 Annual Meeting of Shareholders or until their successors have been duly elected and qualified, as follows:

Nominee		For		Withheld/ Abstentions		Broker Non-Votes
Gregg Williams		11,717,164		125,819		5,174,792
Aaron Mendelsohn		11,710,856		132,127		5,174,792
Jonathan Will McGuire		11,727,547		115,436		5,174,792
Matthew Pfeffer		11,728,271		114,712		5,174,792
Dean Baker		11,734,708		108,275		5,174,792
Alexandra Larson		11,728,992		113,991		5,174,792

Proposal 2: The shareholders, on an advisory basis, ratified the appointment of Gumbiner Savett Inc. as Second Sight’s independent registered public accounting firm for the year ending December 31, 2021, as follows:

For		Against		Abstentions		Broker Non-Votes
16,790,398		142,622		84,755		0

Proposal 3: The shareholders, on a non-binding basis, ratified the compensation of our named executive officers:

For		Against		Abstentions		Broker Non-Votes
11,546,765		207,655		88,563		5,174,792

Proposal 4: The shareholders, on an advisory basis, indicated the preferred frequency of shareholder advisory votes on the compensation of the Company’s named executive officers:

		For
1 Yr.		11,651,980
2 Yr.		102,607
3 Yr.		46,399
Abstentions		41,997
Broker Non Vote		5,174,792

Scott Dunbar, acting Chief Executive Officer, stated “We are continuing our Early feasibility study of our Orion Visual Cortical Prosthesis. We have six subjects participating in the study at UCLA and Baylor college of medicine. Some subjects have now reached the three-year mark with no new serious adverse events. You may remember we had one serious adverse event early in the study that has been completely resolved. We are behind in our testing due to a pause in the study for the COVID-19 pandemic. We are finishing up our planned two-year testing with encouraging results. The testing done shows that performance is good and stable over the duration of the study. We are extremely excited about the progress we have made on our next generation Orion product. At the same time, we are conducting an in depth review of our long term plans to ensure that the Orion product we bring to market is the best possible solution for our customers. Further, we believe we can leverage our major advancements and world leadership in human neuromodulation implant technology beyond our focus on just curing blindness,” concluded Dunbar.

About the Orion Visual Cortical Prosthesis System

Leveraging Second Sight’s 20 years of experience in neuromodulation for vision, the Orion Visual Cortical Prosthesis System (Orion) is an implanted cortical stimulation device intended to provide useful artificial vision to individuals who are blind due to a wide range of causes, including glaucoma, diabetic retinopathy, optic nerve injury or disease, and eye injury. Orion is intended to convert images captured by a miniature video camera mounted on glasses into a series of small electrical pulses. The device is designed to bypass diseased or injured eye anatomy and to transmit these electrical pulses wirelessly to an array of electrodes implanted on the surface of the brain’s visual cortex, where it is intended to provide the perception of patterns of light. A six-subject early feasibility study of the Orion is currently underway at the Ronald Reagan UCLA Medical Center in Los Angeles and the Baylor College of Medicine in Houston. No peer-reviewed data is available yet for the Orion system.

About Second Sight Medical Products, Inc.

Second Sight Medical Products, Inc. (Nasdaq: EYES) develops implantable visual prosthetics that are intended to deliver useful artificial vision to blind individuals. A recognized global leader in neuromodulation devices for blindness, the Company is committed to developing new technologies to treat the broadest population of sight-impaired individuals. The Company’s headquarters are in Los Angeles, California. More information is available at secondsight.com.

Safe Harbor

This press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Second Sight’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, the following: (1) legal claims or proceedings relating to Second Sight’s termination of the Memorandum of Understanding with Pixium Vision and costs relating thereto; (2) changes in applicable laws or regulations; (3) the possibility that Second Sight may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on Second Sight’s business; and (5) other risks and uncertainties indicated from time to time in Second Sight’s Form 10-K for the year ended December 31, 2020, as amended, including those under “Risk Factors” therein, and in Second Sight’s other filings with the SEC. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that Second Sight considers immaterial or which are unknown. A further list and description of risks and uncertainties can be found in Second Sight’s Annual Report on Form 10-K, filed on March 16, 2021as amended on April 14, 2021 and on April 27, 2021 and Form 10-Q filed on May 13, 2021, and as thereafter amended. Any forward-looking statement made by us in this press release is based only on information currently available to Second Sight and speaks only as of the date on which it is made. Second Sight undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005322/en/

Investor Relations:

Scott Dunbar

Investor Relations:

[email protected]

(818) 833-5000

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Health Medical Devices Other Health

MEDIA:

Posted on June 1, 2021 6:01 am

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Danimer Scientific, Inc. of Class Action Lawsuit and Upcoming Deadline – DNMR

PR Newswire

NEW YORK, June 1, 2021 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Danimer Scientific, Inc. (“Danimer” or the “Company”)(NYSE: DNMR) and certain of its officers and directors.  The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 21-cv-02708, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Danimer securities between December 30, 2020 and March 19, 2021, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Danimer securities during the Class Period, you have until July 13, 2021 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Danimer was formerly known as “Live Oak Acquisition Corp.” (“Live Oak”), a publicly-traded special purpose acquisition company.  In December 2020, Live Oak consummated a business combination with Meredian Holdings Group, Inc., doing business as Danimer Scientific (“Legacy Danimer”), a performance polymer company specializing in bioplastic replacements for traditional petrochemical-based plastics (the “Business Combination”).  Following the Business Combination, Live Oak changed its name to “Danimer Scientific, Inc.,” changed its business to Legacy Danimer’s business, and replaced its management with Legacy Danimer’s management.

Since 2020, Legacy Danimer—and, following the Business Combination, Danimer—has sold polyhydroxyalkanoates commercially under its proprietary “Nodax” brand name for usage in a wide variety of plastic applications including water bottles, straws, and food containers, among others.  The Company has touted Nodax as a 100% biodegradable, renewable, and sustainable plastic, which is purportedly superior to traditional plastics because of its advanced biodegradability.  The Company attributes Nodax’s advanced biodegradability to microorganisms in nature that eat the bioplastic.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Danimer had deficient internal controls; (ii) as a result, the Company had misrepresented, inter alia, its operations’ size and regulatory compliance; (iii) Defendants had overstated Nodax’s biodegradability, particularly in oceans and landfills; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On March 20, 2021, the Wall Street Journal (“WSJ”) published an article entitled “Plastic Straws That Quickly Biodegrade in the Ocean, Not Quite, Scientists Say” addressing, among other things, Danimer’s claims that Nodax breaks down far more quickly than fossil-fuel plastics.  The WSJ article alleged that, according to several experts on biodegradable plastics, “many claims about Nodax are exaggerated and misleading.”  While Danimer reportedly asserts its claims are factual, the article cites at least one expert as stating that making broad claims about Nodax’s biodegradability “is not accurate” and is “greenwashing.”

On March 22, 2021, the first trading day following the publication of the WSJ article, Danimer’s stock price fell $6.43 per share, or 12.87%, to close at $43.55 per share on March 22, 2021.

Following the end of the Class Period, on April 22, 2021, Spruce Point Capital Management (“Spruce Point”) published a report on Danimer, noting, among other red flags, various inconsistencies with Legacy Danimer’s (and Danimer’s) historical and present claims regarding the size of its operations, Nodax’s makeup and degradability, and the Company’s expected profitability.

Following the publication of the Spruce Point report, Danimer’s stock price fell $2.01 per share, or 8.04%, to close at $22.99 per share on April 22, 2021.

Then, on May 4, 2021, Spruce Point published another report on Danimer alleging that the Company had “wildly overstated” production figures, pricing, and financial projections based on documents Spruce Point had acquired from the Commonwealth of Kentucky’s Department of Environmental Protection under the Freedom of Information Act, all of which cast serious doubt on the integrity of the Company’s internal controls.

Following the publication of this second Spruce Point report, Danimer’s stock price fell $1.49 per share, or 6.31%, to close at $22.14 per share on April 22, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:

Robert S. Willoughby

Pomerantz LLP
[email protected] 
888-476-6529 ext. 7980

View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert–pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-danimer-scientific-inc–of-class-action-lawsuit-and-upcoming-deadline–dnmr-301302667.html

SOURCE Pomerantz LLP

Posted on May 28, 2021 9:50 am

Adelphia Gateway Project Receives Final Notice to Proceed From Federal Energy Regulatory Commission

Phase 2 of project moves to construction

PR Newswire

WALL, N.J., May 28, 2021 /PRNewswire/ — On May 26, 2021, Adelphia Gateway, LLC received a Notice to Proceed with construction of the second phase of the project from the Federal Energy Regulatory Commission (FERC). The project continues to work closely with local stakeholders and governments as activity gets underway. Adelphia Gateway and its contractors will conduct additional outreach to inform residents and businesses of construction activities in their areas. 

Phase 2 construction includes the Tilghman Lateral installation from the interconnect at the Transco Meter Station to its terminus in Chester city, the Parkway Lateral, the Delmarva Meter Station, the Monroe Meter Station and the Tilghman Meter Station – all located in Delaware County, Pennsylvania.

“We are pleased to move into the final phase of construction on the Adelphia Gateway project, and we appreciate the collaboration with FERC, state agencies, municipalities and the community during this process,” said Ginger Richman, president of Adelphia Gateway. “We look forward to meeting the demand for this much-needed resource of natural gas to the Philadelphia region.”

The Adelphia Gateway project involves the conversion of the southern 50 miles of its existing 84-mile pipeline from oil to natural gas supply to constrained markets in southeastern Pennsylvania. This section of the pipeline is located in Delaware, Chester, Bucks and Montgomery counties. The northern 34 miles of the pipeline, which extend from western Bucks County to the Martins Creek terminal in Northampton County, have delivered natural gas since 1996.

In 2019, FERC issued the Certificate of Public Convenience and Necessity and completed a thorough environmental assessment of the Adelphia Gateway project. That was followed by the Partial Notice to Proceed for Phase I construction in October 2020. 

Adelphia Gateway expects a number of facilities along the southern portion of the Adelphia Gateway pipeline to be placed into service this year to serve customers in the Greater Philadelphia area.

About Adelphia Gateway, LLC
Adelphia Gateway is a subsidiary of New Jersey Resources (NYSE: NJR), a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. For more information, visit www.adelphiagateway.com.

Contact:
Katelyn McNally

[email protected] 
717-712-5702

View original content:http://www.prnewswire.com/news-releases/adelphia-gateway-project-receives-final-notice-to-proceed-from-federal-energy-regulatory-commission-301301736.html

SOURCE Adelphia Gateway, LLC

Posted on May 28, 2021 9:50 am

Elys Game Technology to Present at the Summer Solstice Conference – Best Ideas from the Buy-Side on June 2nd

Elys Game Technology to Present at the Summer Solstice Conference – Best Ideas from the Buy-Side on June 2^nd

NEW YORK–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced that it will be presenting at the Summer Solstice Conference, hosted by The MicroCap Rodeo, being held virtually on June 1^st to June 4^th, 2021.

Management of Elys Game Technology is scheduled to present on Wednesday, June 2^nd, 2021 at 3:00 PM Eastern Time and will participate in one-on-one meetings with investors and analysts throughout the conference.

The presentation will be webcast live and available for replay at https://www.webcaster4.com/Webcast/Page/2134/41526.

To receive additional information about the conference, request an invitation, or to schedule a one-on-one meeting with Elys, please email [email protected].

About the Summer Solstice Conference

The MicroCap Rodeo is hosting its “Summer Solstice Conference – Best Ideas Bowl,” with 25-minute virtual presentations and one-on-ones for qualified institutional investors. This conference is a virtual conference that brings you the top 25 best ideas from the buy side. Qualified institutional investors recommended each of the 25 companies represented as one of their best ideas. For more information, please visit the event website: https://microcaprodeo.com/.

About Elys Game Technology, Corp.

Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slots.

The Company’s innovative wagering solution services online operators, casinos, retail betting establishments and franchise distribution networks. The Company has completed the product regulatory requirements to commence B2B operations in the United States. Additional information is available on our corporate website at www.elysgame.com.

Investors may also find us on Twitter @ELYS_gaming.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210528005290/en/

Crescendo Communications, LLC

David Waldman

Tel: (212) 671-1020

Email: [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Casino/Gaming General Sports Entertainment Sports

MEDIA:

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