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Lippert Acquires Furrion Holdings Limited

Lippert Acquires Furrion Holdings Limited

Transaction advances diversification strategy to enable long-term outperformance

Details leadership structure for combined Company

ELKHART, Ind.–(BUSINESS WIRE)–
LCI Industries (NYSE: LCII) (the “Company”) today announced that its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert”), a manufacturer and supplier of a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, has completed the previously announced acquisition of Furrion Holdings Limited (“Furrion”), a leading distributor of a large range of appliances and other products to OEMs and aftermarket customers in the recreational vehicle, specialty vehicle, utility trailer, horse trailer, marine, transit bus, and school bus industries.

Furrion has become a premier supplier of appliance, appliance accessories, and audio-visual products since entering the RV industry in 2007 and is best known for innovating new appliance products and introducing state-of-the-art technologies into the recreation space. Furrion’s robust catalog of electronics and appliances complement Lippert’s OEM product roadmap by adding audio-visual components, observation camera systems, a full range of kitchen appliances, and energy and power management systems that will allow Lippert to offer a wider range of products to the industry.

“We are very excited to officially welcome Furrion to the Lippert family. To further facilitate successful integration of the Furrion team, we have made a number of a key leadership appointments to position us for growth,” said Jason Lippert, President and CEO of Lippert. “First, we have named Andrew Mock as Senior Vice President of Furrion North America. Andrew has been with Lippert since 2014, and during that time, he has held many sales roles, most recently Vice President of Sales for Lippert’s RV OEM Business. Throughout Andrew’s time at Lippert, he has cultivated several key OEM relationships in the RV industry and was critical in growing Furrion sales during the time of our distribution relationship from 2015 through 2019. Andrew has a deep knowledge of the products and customers in the RV OEM space, and I am confident he will bring this expertise to drive future product development in the space.”

Lippert continued, “Darren Ho will remain the CEO of Furrion Asia. Darren will continue to oversee the development, sourcing, and fulfillment of Furrion products, while supporting Lippert’s efforts to scale our business overseas and advance growth in our European and Australian markets. In addition to a great procurement and quality team, Darren has a strong team of industrial designers and engineers in Hong Kong who will support Furrion’s innovative product development, to stay on the cutting edge of aesthetics and functionality, which will be essential for the long-term success of the Furrion brand.”

Ryan Smith, Group President of Lippert OEM North America, commented, “Steven ‘Stevie’ Bell will remain Chief Technology Officer of Furrion North America and Asia to drive innovation and technology throughout the Furrion brand, while bridging the technological gap between Furrion and Lippert products. Stevie’s passion will help bring Furrion and Lippert products to the next level, as we invest our resources into R&D and engineering to expand the product pipeline for Furrion products in the coming years, and Stevie is the right person to champion this endeavor.”

“Furrion is extremely excited to join the Lippert family,” said Darren Ho, Furrion Asia CEO. “Furrion’s success has been the result of its great team members and partners. As we move forward, we could not have found a more complementary partner to bring Furrion’s products to the next level. Our history with Jason, Ryan, and their teams, the culture at Lippert, and its proven track record makes Lippert the perfect partner for us, and together we hope to achieve amazing results.”

About LCI Industries

LCI Industries, through its wholly-owned subsidiary, Lippert, manufactures and supplies, domestically and internationally, a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors, and service centers. Lippert’s products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories. Additional information about Lippert and its products can be found at www.lippert.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” with respect to integration of the businesses, expected growth, including in sales, development and pipeline, following the transaction, and the expected impact of the transaction on the Company’s operations, markets, prospects, strategies, synergies and efficiencies, and other matters. Statements in this press release that are not historical facts are “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.

Forward-looking statements are necessarily estimates reflecting the best judgment of the Company’s senior management at the time such statements were made. There are a number of factors, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, (i) the transaction may involve unexpected costs or liabilities; (ii) the Company may be unable to achieve expected synergies and operating efficiencies from the transaction within the expected time frames or at all; (iii) the Company may be unable to successfully integrate Furrion’s operations into its own, or such integration may be more difficult, time consuming or costly than expected; (iv) following the transaction, revenues may be lower than expected, and operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected;(v) the Company may be adversely affected by other economic, business, and/or competitive factors; (vi) risks that the transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the transaction; and (vii) the risks described from time to time in the Company’s reports filed with the Securities and Exchange Commission under the heading “Risk Factors,” including the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and in the Company’s subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

Brian M. Hall, CFO

Phone: (574) 535-1125

E Mail: [email protected]

KEYWORDS: United States North America Indiana

INDUSTRY KEYWORDS: Automotive Manufacturing Aftermarket Automotive Manufacturing Other Transport Transport General Automotive Recreational Vehicles Steel Off-Road Trucks & SUVs Engineering

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RBC Global Asset Management Inc. announces August sales results for RBC Funds, PH&N Funds and BlueBay Funds

Canada NewsWire

TORONTO, Sept. 9, 2021 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced August mutual fund net sales of $1.95 billion. Long-term funds had net sales of $2.0 billion and money market funds had net redemptions of $43 million. Mutual fund assets under management increased by 2.2 per cent.

“Canadian investors continue to seek out solutions that offer diversification when building their portfolios, and the RBC Select Portfolios attracted over $1 billion in August,” said Doug Coulter, President of RBC Global Asset Management Inc. “We also saw continued interest in our RBC Fixed Income Pools, which are multi-asset fixed income portfolios that offer diversification across global credit and currency markets. These pools, launched three years ago, surpassed $9 billion in total assets before the end of August.”

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

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Ford Motor Company and LexisNexis Risk Solutions Join Forces to Help U.S. Drivers Maximize Connected Vehicle Benefits

One of the Largest U.S. Car Manufacturers in the U.S. Auto Insurance Market Offers Connected Vehicle Data to Leading Insurance Data and Advanced Analytics Provider.

PR Newswire

ATLANTA and DETROIT, Sept. 9, 2021 /PRNewswire/ — LexisNexis® Risk Solutions and Ford Motor Company today announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers via the LexisNexis® Telematics Exchange. Ford and Lincoln customers with an eligible 2020 model year or newer vehicle can opt in to participate in usage-based insurance (UBI) programs, which has the potential to save customers money through more personalized insurance offerings.

“We’re excited about this agreement with Ford,” said Adam Hudson, vice president and general manager, U.S. Connected Car, LexisNexis Risk Solutions. “As a trusted steward of data for more than 20 years, LexisNexis Risk Solutions continues to bring the insurance and automotive industries together with market-leading solutions to provide consumers with a better experience during insurance shopping and renewal. We want to continue delivering on our mission of providing unparalleled driving-related insights and benefits to insurers, automakers and their drivers.”

“Ford owners who opt-in to usage-based insurance have the potential to reduce their total cost of vehicle ownership through more personalized insurance offerings and be rewarded for good driving habits,” said Kari Novatney, General Manager, Connectivity Strategy & Partnerships, Ford Motor Company. “LexisNexis Risk Solutions is helping Ford customers more easily pursue the advantages of their vehicle’s connectivity for potential insurance benefits.”

LexisNexis Risk Solutions ingests and normalizes connected car data through its data platform, the LexisNexis Telematics Exchange, to create driving behavior insights for U.S. insurance carriers to use within their existing auto insurance workflows. This enables insurers to more accurately segment risk, while providing consumers the opportunity to reduce the overall cost of vehicle ownership by taking advantage of good driving behavior. By leveraging data sourced through the Telematics Exchange, insurers can have an easier path to access driving behavior data for point of quote, underwriting and renewal, whether or not they have an existing insurer-led UBI program.

LexisNexis Risk Solutions works with 95 of the top 100 U.S. auto insurers. Its U.S. Connected Car business offers telematics solutions and advanced analytics, including LexisNexis® Telematics OnDemand and its next-generation LexisNexis® Drive Metrics scores, which allow insurers to seamlessly leverage driving behavior insights during the insurance shopping process at the point of quote, as well as at underwriting and renewal. Click here for more information on LexisNexis® Telematics.

Click here for more information on LexisNexis data solutions for automakers.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 186,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.

Media Contacts: 
Regina Haas
LexisNexis Risk Solutions
Phone: +1.678.896.1463
[email protected]

Dean Carney

Brodeur Partners for LexisNexis Risk Solutions 
Phone: +1.646.746.5607
[email protected] 

Martin
 
Gunsberg

Ford Motor Company 

Phone: +1.313.316.5319 

[email protected]

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SOURCE LexisNexis Risk Solutions

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Reed’s® Launches Limited-Edition “Boo Box” For Halloween

America’s #1 Real Ginger Company Debuts a Seasonal Offering Packed with its Restaged Ginger Chews

NORWALK, Conn., Sept. 09, 2021 (GLOBE NEWSWIRE) — Spooky season is getting even more delicious. Reed’s Inc.® (Nasdaq: REED), America’s #1 ginger company, today announces the launch of its first-ever “Boo Box” – a limited edition, Halloween-themed pack for its one-of-a-kind Craft Ginger Chews.

Bringing ginger lovers a new way to experience the spicy sweetness of Reed’s® Craft Ginger Chews, the limited-edition “Boo Box” is a spooky new treat for the most “wicked-ful” time of the year. Each “Boo Box” features four (2 oz.) boxes of individual wrapped Craft Ginger Chews with extra spooky ghost packaging that is frightfully festive.

“We all love a little surprise in our lives. Sending a Reed’s ‘Boo Box’ to a friend’s doorstep is the perfect Halloween treat,” shares Lindsay Martin, Vice President of Marketing at Reed’s Inc.® “As the leader in ginger beverages, Reed’s knows our consumers are looking for new and innovative ways to experience the spicy and sweet flavor of real ginger. Each ‘Boo Box’ is loaded with our NEW and improved Reed’s Ginger Chews that ginger lovers can’t resist.”

Reed’s® was founded over 30 years ago on the principle that real, quality ingredients are always better. All Reed’s® products are made with real ginger and contain nothing artificial. Rolling out REAL ginger candy options to the marketplace, the limited-edition “Boo Box” comes on the heels of Reed’s® reintroduction of its authentic ginger candy collection.

With increased retail availability and improved packaging, Reed’s® is relaunching its Crystallized Ginger, in addition to the Craft Ginger Chews. Reed’s® Crystallized Ginger provides a burst of spicy sweetness in pre-diced and ready-to-eat format, while the Craft Ginger Chews now features a chewier recipe for a tastier experience. Offering the powerful superfood benefits of ginger, both candies are sourced from South Pacific Islands with only fresh ginger and all-natural ingredients.

Reed’s® limited-edition “Boo Box” is available while supplies last, and retails exclusively at the Reed’s® Web Store for $9.99. Reed’s® Craft Ginger Chews and Crystallized Ginger are also available online at the Reed’s® Web Store and Reed’s® Amazon Store, and in-store at retailers including select Sprouts, Stop & Shop, Mavericks and other natural and specialty stores throughout the United States.

For more information about Reed’s Inc.®, please visit the Reed’s® website or call 800-99-REEDS. Follow Reed’s® on Reed’s® Twitter, Reed’s® Instagram, and Reed’s® Facebook (@drinkreeds).

About Reed’s, Inc.
®

Reed’s Inc.® is an innovative company and category leader that provides the world with high quality, premium and naturally bold™ better-for-you beverages. Established in 1989, Reed’s Inc.® is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron™ brand names. The company’s beverages are now sold in over 40,000 stores nationwide.

Reed’s® is known as America’s #1 name in all-natural, ginger-based beverages. Crafted using real ginger and premium ingredients, the Reed’s® portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules, ginger shots, and ginger candies. The brand has recently successfully expanded into the zero sugar segment with its proprietary, all-natural sweetener system.

Virgil’s® is an award-winning line of craft sodas, made with the finest natural ingredients and without GMOs or artificial preservatives. The brand offers an array of great tasting, bold flavored sodas including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in nine zero sugar varieties which are naturally sweetened and certified ketogenic.

Flying Cauldron™ is a non-alcoholic butterscotch beer prized for its creamy vanilla and butterscotch flavors. Sought after by beverage afficionados, Flying Cauldron™ is made with all-natural ingredients and no artificial flavors, sweeteners, preservatives, gluten, caffeine or GMOs. 

For more information, visit drinkreeds.com, virgils.com and flyingcauldron.com.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3488bcfd-3cef-4083-a20e-8bba905b85a8
https://www.globenewswire.com/NewsRoom/AttachmentNg/340365ff-14ff-4054-a389-b9cc98b929cf

Media Contact:
5W Public Relations
[email protected]
212.999.5585

 



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Weebit and SkyWater Announce Agreement to take ReRAM Technology to Volume Production

Weebit and SkyWater Announce Agreement to take ReRAM Technology to Volume Production

SkyWater licenses Weebit’s ReRAM technology for a range of customer designs to enable higher performance and lower power memory solutions in IoT, automotive, AI, and other applications

HOD HASHARON, Israel & BLOOMINGTON, Minn.–(BUSINESS WIRE)–Weebit Nano Limited (ASX: WBT), a leading developer of next-generation memory technologies for the global semiconductor industry, and SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced an agreement to take Weebit’s innovative Resistive RAM (ReRAM) technology to volume production. In addition, SkyWater has licensed the technology for use with customer designs.

Under the terms of the agreement, SkyWater and Weebit will collaborate to transfer the Weebit ReRAM technology to SkyWater’s production fab and qualify it for volume manufacturing. Following the qualification of the technology, SkyWater intends to offer it to customers as embedded, non-volatile memory (NVM) IP on the company’s 130nm CMOS process.

SkyWater’s 130nm process is a sweet spot for a broad range of applications such as analog, power management, automotive, IoT and rad-hard designs. In these application domains, Weebit’s ReRAM provides significant advantages such as cost effectiveness, enhanced endurance and retention even at high temperature ranges, good tolerance to radiation and electromagnetic fields, and zero interference with front-end-of-line (FEOL) analog components.

Commercialization of ReRAM technology will provide enhancements to a range of new electronics in industries such as automotive which require high-temperature performance. Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing embedded Flash memory solutions. The technology focuses on enabling IoT devices and edge computing architectures and will benefit neuromorphic computing opportunities for machine learning and artificial intelligence applications.

Weebit’s ReRAM technology can be scaled to a number of other technologies like SkyWater’s 90 nm and carbon nanotube platforms. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.

Coby Hanoch, CEO of Weebit Nano, said, “We are delighted to announce Weebit’s first commercial agreement to take our groundbreaking ReRAM to volume production. SkyWater is an ideal partner because of the company’s commitment to technology innovation and supporting their customers’ differentiated products. Our technology, which is highly efficient and extremely robust, is enabling greater performance and lower power memory solutions for a range of new electronic devices. We look forward to collaborating with SkyWater – starting immediately – to ensure smooth technology transfer to their U.S. production fab.”

Thomas Sonderman, SkyWater president and CEO said, “As a proven Trusted Technology Foundry, SkyWater helps customers differentiate their silicon through innovative technologies, materials and processes. Weebit’s ReRAM is at the forefront of non-volatile memory technology and is laying the groundwork for exciting new memory solutions. We’re excited to work with Weebit toward building its technology into our growing library of silicon-proven and trusted design IP that our customers can leverage in building highly differentiated SoC designs.”

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service℠ model streamlines the path to production for customers with development services, volume production and advanced packaging solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, read-out ICs, rad-hard, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to factors discussed in the “Risk Factors” section of the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10 Q for the quarter ended July 4, 2021 and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

About Weebit Nano

Weebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See: www.weebit-nano.com; Follow Weebit on its new Twitter account at: @WeebitNano.

Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.

Weebit Nano forward looking statement

This release contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of Weebit Nano’s research and development programs; the Company’s plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond Weebit Nano’s control. All forward-looking statements and reasons why actual results may differ are based on information available to the Company when initially made, and Weebit Nano assumes no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

SKYT-CORP

Weebit Media Contact: Jen Bernier-Santarini | 650.336.4222 | [email protected]

SkyWater Company Contact: Tara Luther | 952.851.5023 | [email protected]

SkyWater Media Contact: Lauri Julian| 949.280.5602 | [email protected]

KEYWORDS: United States North America Israel Middle East Minnesota

INDUSTRY KEYWORDS: Software Networks Technology Automotive Manufacturing Aerospace Semiconductor Manufacturing Security

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Allegiant Reports August 2021 Traffic

PR Newswire

LAS VEGAS, Sept. 9, 2021 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2021.

“As we have transitioned from our peak summer flying season into the off-peak fall season we have seen a softening in demand,” stated Drew Wells, senior vice president, revenue. “Consistent with industry trends, the increase in COVID-19 cases coupled with return to school and work for many has contributed to an increase in cancellations and a deceleration of demand. The off-peak periods continue to underperform, while peak periods remain strong, a trend that has persisted throughout the pandemic. By way of example, Labor Day weekend performed well with load factors of roughly 80 percent on peak days, consistent with levels observed in 2019.”

“We expect third quarter capacity to be up roughly 13.5 percent as compared with 2019, a 4.5 percentage point reduction from initial expectations,” stated Gregory Anderson, executive vice president, chief financial officer. “Although we did observe demand weakness, these reductions were driven primarily by operational challenges observed throughout the quarter. Given these capacity reductions, we have updated our guidance, which is included in the table below. We expect an increase in total operating revenue from 2019 of between 3.0 and 5.0 percent, which should yield an adjusted1 EBITDA margin between 16 and 18 percent for the third quarter. We will continue to monitor trends and tweak fourth quarter capacity accordingly but given peak-period performance, we remain encouraged about the upcoming holiday travel season.”

Previous

Current


System ASMs – year over two-year change2

Up 16.0 to 20.0%

Up 13.0 to 14.0%


Total operating revenue – year over two-year change

Up 3.5 to 7.5%

Up 3.0 to 5.0%


Adjusted¹ EBITDA margin

N/A

16.0 to 18.0%


Fuel cost per gallon

$2.11

$2.19


Weighted average share count for the third quarter

17.1 million

17.8 million


Scheduled Service – Year Over Two-Year Comparison


August 2021


August 2019


Change

Passengers

1,179,414

1,241,846

(5.0%)

Revenue passenger miles (000)

1,021,613

1,047,568

(2.5%)

Available seat miles (000)

1,377,398

1,229,543

12.0%

Load factor

74.2%

85.2%


(11.0 pts)

Departures

9,451

8,768

7.8%

Average stage length (miles)

835

822

1.6%


Total System* – Year Over Two-Year Comparison


August 2021


August 2019


Change

Passengers

1,185,944

1,256,712

(5.6%)

Available seat miles (000)

1,408,554

1,306,860

7.8%

Departures

9,725

9,294

4.6%

Average stage length (miles)

830

824

0.7%


Scheduled Service – Year Over Year Comparison


August 2021


August 2020


Change

Passengers

1,179,414

633,155

86.3%

Revenue passenger miles (000)

1,021,613

540,317

89.1%

Available seat miles (000)

1,377,398

1,226,370

12.3%

Load factor

74.2%

44.1%


30.1pts

Departures

9,451

8,455

11.8%

Average stage length (miles)

835

835

(0.0%)


Total System* – Year Over Year Comparison


August 2021


August 2020


Change

Passengers

1,185,944

636,485

86.3%

Available seat miles (000)

1,408,554

1,252,758

12.4%

Departures

9,725

8,669

12.2%

Average stage length (miles)

830

833

(0.4%)

*Total system includes scheduled service and fixed fee contract.  System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs.  Fixed fee flying is better measured through dollar contribution versus operational statistics.


Preliminary Financial Results

$ per gallon

August 2021 estimated average fuel cost per gallon – system

$2.18

Allegiant Travel Company

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant’s all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF


ALGT/G

Note: This news release was accurate at the date of issuance. However, information contained in the release August have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company’s investor website:
http://ir.allegiantair.com

Reference to the Company’s website above does not constitute incorporation of any of the information thereon into this news release.


Allegiant Media Contact:


Investor Inquiries:

Hilarie Grey

Sherry Wilson

email: [email protected]

email: [email protected]

1 Adjusted to exclude COVID related special charges, the net benefit from the payroll support program, and profit sharing bonus accruals related to the benefit of the payroll support program
2 Year over two-year percentage changes compare 2021 to 2019

 

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SOURCE Allegiant Travel Company

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Squarespace to Participate in Upcoming Investor Conferences

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — Squarespace, Inc. (NYSE: SQSP), the all-in-one website building and ecommerce platform, today announced that Anthony Casalena, Founder & CEO, and Marcela Martin, CFO, will participate virtually at the following upcoming investor conferences.

  • Piper Sandler Global Technology Conference, in a fireside chat with Marcela Martin to be available on Thursday, September 9, 2021 at 4PM ET / 1PM PT.
  • Citi’s 2021 Global Technology Virtual Conference, in a fireside chat with Anthony Casalena on Tuesday, September 14, 2021 at 4:20 PM ET / 1:20 PM PT.

A webcast and archived replay of the events will be available in the Events & Presentations section of the Squarespace Investor Relations website at investors.squarespace.com.

About Squarespace
Squarespace is a leading all-in-one website building and ecommerce platform that enables millions to build a brand and transact with their customers in an impactful and beautiful online presence. Our suite of products enables anyone at any stage of their journey to manage their projects and businesses through websites, domains, ecommerce, marketing tools, and scheduling, along with tools for managing a social media presence with Unfold and hospitality business management via Tock. Squarespace democratizes access to best-in-class design, helping our customers in approximately 200 countries and territories maintain consistent branding across all digital touchpoints to stand out online. Our team of more than 1,400 is headquartered in downtown New York City, with offices in Dublin, Ireland, Portland, Oregon, Los Angeles, California and Chicago, Illinois. For more information, visit www.squarespace.com.

Contacts
Investors:
Christopher Chiou
[email protected]

Media:
Amanda Cowie
[email protected]

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SOURCE Squarespace, Inc.

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Akerna Flash Report: Friday of Labor Day weekend brought in $90.1 million in national retail cannabis sales, becoming the second-largest sales day of 2021

The whole holiday weekend brought in a total of $234.8 million in medical and adult-use cannabis sales

PR Newswire

DENVER, Sept. 9, 2021 /PRNewswire/ — Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), shows that Friday, September 3, was the second-largest grossing sales day of 2021, bringing in $90.1 million in national retail cannabis sales, falling only behind the top sales day of 2021, 420, the unofficial cannabis consumption holiday. The Friday before the 4th of July, July 2, was previously the second-highest sales day for the year.

The whole holiday weekend, September 3 – September 6, brought in a total of $234.8 million in sales. Saturday, September 4 brought in $63.8 million in sales, Sunday, September 5, grossed $42.1 million, and Monday, September 6, Labor Day, totaled $38.8 million.

“Our prediction report for the long weekend correctly forecasted that Friday would be the second-largest cannabis sales day to date in 2021. This further shows the trend that when holidays fall on weekends, the Friday of that weekend will have the largest spikes in spending,” said James Ahrendt, Business Intelligence Architect at Akerna. “Dispensaries can leverage our prediction reports to prepare staff, inventory, and promotions to optimize the in-store experience and offer deals on the products consumers are seeking. By meeting the consumers’ preferences, dispensaries will likely increase sales and create more loyal customers.”

Other values for the holiday weekend (9/03 – 9/06):

  1. Category sales:
    1. Flower – 48.5%
    2. Cartridge/Pens – 32%
    3. Concentrates – 10%
    4. Infused Edibles – 8%
    5. Other – 1.5%
  2. Demographics:
    1. 61.4% male sales
    2. 38.6% female sales
  3. Sales by age groups: led by the 30-40-year-old age group
    1. Under 30 – 29%
    2. 30-40 –30%
    3. 40-50 – 20%
    4. 50-60 –12%
    5. Over 60 – 9%
  4. Average order total
    1. Medical – $116.44
    2. Recreational – $78.19
  5. Average basket size
    1. Medical – 2.87 products
    2. Recreational – 3.06 products

About MJ Freeway

MJ Freeway is more than software as a service. Its flagship solution, MJ Platform, includes Platform Insights. Now operators, investors, and regulators can access the industry’s largest and most statistically relevant database to drive data-driven business decisions.

Platform Insights provides:

  • The greatest statistical relevance across countries
  • Normalized data (not farmed from various disparate POS platforms)
  • Full cannabis supply chain data
  • Business insights founded in category management methodology

Platform Insights can eliminate the guesswork and provide answers to questions like:

  • What is the gross margin return on inventory?
  • What SKUs should be carried?
  • How do basket adjacencies influence discounting and retention strategies?
  • What does a medical market look like a year or five years after decriminalizing cannabis?

Click here for more information about MJ Platform. 

About Akerna:

Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industry. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software company listed on Nasdaq. The company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform, powers retailers, manufacturers, brands, distributors, and cultivators.

For more information, visit https://www.akerna.com/. 

About the Akerna Flash Report:

Flash Report is a look at buying trends in the cannabis market as captured by Akerna’s MJ Freeway subsidiary.

MJ Freeway provides operators with MJ Platform, the industry-leading solution for regulatory compliance technology, from seed-to-sale-to-self. Some instances of the flash report may include business intelligence derived from Akerna’s family of companies, including Ample Organics, Leaf Data Systems, solo sciences, Trellis, and Viridian Sciences.

Data is derived from MJ Platform, the leading provider of cannabis compliance software for the marijuana industry. Sales projections are based on market adjustment calculations and represent the entire US market as an aggregate.

Reporting Data is obtained from operators using Akerna’s MJ Platform solutions. Akerna has one of the largest seed-to-sale footprints in the cannabis industry, operating in 15 countries and 23 U.S. states, including Pennsylvania, Oklahoma, Puerto Rico, Arizona, California, Utah, Michigan, Colorado, Montana, Nevada, Maine, Vermont, New Mexico, Missouri, Texas, Ohio, Maryland, Washington D.C., Kansas, Arkansas, New York.

Increases are relative to the prior period. Additional business intelligence data sources may include proprietary tools used by Akerna’s family of companies.

Forward-Looking Statements:

Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such terms or expressions) are intended to identify forward-looking statements. Such forward-looking statements include but are not limited to statements regarding the ability of the MJ Platform team to help operators make decisions through analytics and reporting. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of significant known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside Akerna’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others that may affect actual results or outcomes, include (i) Akerna’s ability to maintain relationships with customers and suppliers and retain its management and key employees, (ii) changes in applicable laws or regulations, (iii) changes in the market place due to the coronavirus pandemic or other market factors, (iv) and other risks and uncertainties disclosed from time to time in Akerna’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein. You are cautioned not to place undue reliance on forward-looking statements. All information herein speaks only as of the date hereof, in the case of information about Akerna, or the date of such information, in the case of information from persons other than Akerna. Akerna undertakes no duty to update or revise the information contained herein. Forecasts and estimates regarding Akerna’s industry and end markets are based on sources believed to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

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SOURCE Akerna

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RLJ Lodging Trust Announces Senior Secured Notes Offering

RLJ Lodging Trust Announces Senior Secured Notes Offering

BETHESDA, Md.–(BUSINESS WIRE)–
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) announced today that its operating partnership, RLJ Lodging Trust, L.P. (the “Operating Partnership” or the “Issuer”), intends to offer $500 million aggregate principal amount of senior secured notes due 2029 (the “Notes”). The Notes will be guaranteed by the Company and certain subsidiaries of the Operating Partnership that guarantee the Company’s senior credit facilities. The Company intends to use the net proceeds of the offering to redeem all of the outstanding 6.000% senior notes due 2025 of its subsidiary, FelCor Lodging Limited Partnership, as well as pay any redemption premium, unpaid interest, costs and expenses related thereto.

The Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, measures being taken in response to the COVID-19 pandemic, and the impact of the COVID-19 pandemic on our business, and the assumptions upon which those statements are based, that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the use of the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “will,” “will continue,” “intend,” “should,” or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and the Company’s actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: the current global economic uncertainty and a worsening of global economic conditions or low levels of economic growth; the duration and scope of the COVID-19 pandemic and its impact on the demand for travel and on levels of consumer confidence; actions governments, businesses and individuals take in response to the pandemic, including limiting or banning travel; the impact of the pandemic on global and regional economies, travel, and economic activity; the speed and effectiveness of vaccine and treatment developments and their deployment, including public adoption rates of COVID-19 vaccines and their effectiveness against emerging variants of COVID-19, such as the Delta variant; the pace of recovery when the COVID-19 pandemic subsides; the effects of steps we and our third party management partners take to reduce operating costs; increased direct competition, changes in government regulations or accounting rules; changes in local, national and global real estate conditions; declines in the lodging industry, including as a result of the COVID-19 pandemic; seasonality of the lodging industry; risks related to natural disasters, such as earthquakes and hurricanes; hostilities, including future terrorist attacks or fear of hostilities that affect travel and epidemics and/or pandemics, including COVID-19; the Company’s ability to obtain lines of credit or permanent financing on satisfactory terms; changes in interest rates; access to capital through offerings of the Company’s common and preferred shares of beneficial interest, or debt; the Company’s ability to identify suitable acquisitions; the Company’s ability to close on identified acquisitions and integrate those businesses; and inaccuracies of the Company’s accounting estimates. Moreover, investors are cautioned to interpret many of the risks identified under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 as being heightened as a result of the ongoing and numerous adverse impacts of the COVID-19 pandemic. Given these uncertainties, undue reliance should not be placed on such statements. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance on these forward looking statements and urges investors to carefully review the disclosures the Company makes concerning risks and uncertainties in the sections entitled “Risk Factors,” “Forward- Looking Statements,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, as well as risks, uncertainties and other factors discussed in other documents filed by the Company with the Securities and Exchange Commission.

Sean M. Mahoney

Executive Vice President and Chief Financial Officer

(301) 280-7774

KEYWORDS: Maryland United States North America

INDUSTRY KEYWORDS: Professional Services Other Construction & Property Commercial Building & Real Estate Finance Construction & Property REIT

MEDIA:

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For Once, Guac Isn’t Extra: GLIDDEN Paint by PPG Names Guacamole Its 2022 Color of the Year

For Once, Guac Isn’t Extra: GLIDDEN Paint by PPG Names Guacamole Its 2022 Color of the Year

Online searches for green paint surge 200% as homeowners crave balance, regrowth

PITTSBURGH–(BUSINESS WIRE)–
Let’s be real: Everyone loves guac – and we’re not afraid to pay extra for it. But, our attraction for green isn’t limited to our food choices, as this beloved shade is single-handedly infiltrating interior design in the form of kitchen cabinetry, tiles, décor and – you guessed it – paint! Today, GLIDDEN® paint by PPG took its green- and guac-loving affinity to a whole new level by announcing its hand-picked 2022 Color of the Year: Guacamole (PPG1121-5).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210909005136/en/

GLIDDEN® paint by PPG took its green- and guac-loving affinity to a whole new level by announcing its hand-picked 2022 Color of the Year: Guacamole (PPG1121-5). (Photo: Business Wire)

GLIDDEN® paint by PPG took its green- and guac-loving affinity to a whole new level by announcing its hand-picked 2022 Color of the Year: Guacamole (PPG1121-5). (Photo: Business Wire)

This spirited yet soothing green brings an organic energy to any space, which is needed because we all know you’ve probably killed at least three plants this year. Our Glidden gurus recommend using the color Guacamole in your home with reckless abandon – just like ordering extra chips and guac at your favorite burrito joint.

According to a survey1 conducted by The Harris Poll on behalf of Glidden paint by PPG, over three in five (62%) Americans would be willing to use green paint somewhere in their home, and luckily, they have plenty of options to do so. The color complements a variety of spaces and styles, including kitchens with glossy white subway tiles, furniture with blonde wood tones, and the ever-present gold and matte black accents that millennials can’t get enough of. To give your home office extra zen or to create that bedroom retreat you’ve always dreamed of, Glidden paint by PPG recommends using the color Guacamole on all four walls and pairing with real or faux plants of all shapes and sizes.

“We’ve all saved beautiful green kitchens and earthy-inspired bedrooms on our Pinterest boards and TikToks over the past year and a half, driven by our need for calm, regrowth and rejuvenation after living through these ‘unprecedented times,’” said Kim Perry, Glidden paint color guru. “Now, with a little elbow grease and Glidden paint, DIYers and procrastipainters everywhere can make their social screenshots a reality and hopefully gear up for some ‘precedented’ times in the future.”

While we wish picking next year’s color were as simple as choosing chicken or barbacoa for your burrito bowl, it’s not. Glidden paint by PPG’s more than 30 color experts carefully analyze and evaluate trends across multiple industries that impact color preferences, including the runway, lifestyles, global events and cross-cultural inspirations, to determine what colors consumers will actually use in 2022 and beyond. After studying the global impact of the past year, our experts recognized that green would be the “it” color for 2022 and beyond. In fact, online searches for green paint colors more than doubled since 2020 – another indicator that homeowners are in search of rejuvenation and regrowth after living through the strangest year on record.

While guac might cost an extra few bucks anywhere else, we’re firm believers that you don’t have to pay more to achieve the look you want in your home. In fact, our survey found that nearly three quarters (72%) of young Americans (18–34-year-olds) look for ways to save money when taking on a painting project. Glidden Premium interior paint + primer offers DIYers and homeowners exceptional value, helping to beautify any space on a budget. The product is scrubbable and washable for all of life’s little mistakes and was formulated to be thick for easy application, providing good hide and coverage of previously painted surfaces. Glidden paint by PPG products are also available virtually everywhere DIYers shop, including THE HOME DEPOT®, WALMART®, independent retailer locations nationwide and Amazon.com.

Glidden paint by PPG offers a real approach to painting, spreading the truth, removing obstacles and lowering the stakes on do-it-yourself projects. Learn more about Glidden paint and check out helpful tools for your next painting project at glidden.com. Give the brand a like and follow Glidden paint on Facebook at www.facebook.com/glidden, on Instagram at @GliddenPaints and on Twitter at @glidden_paint.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

Glidden is a registered trademark of the PPG Group of Companies.

Walmart is a registered trademark of Wal-Mart Stores, Inc.

The Home Depot is a registered trademark of Homer TLC, Inc. and is used under license.

1 This survey was conducted online within the United States by The Harris Poll on behalf of the GLIDDEN® paint brand by PPG from August 19-23, 2021 among 2,044 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact [email protected].

CATEGORY Architectural Coatings Americas and Asia Pacific

PPG Media Contact:

Greta Edgar

Architectural Coatings

724-316-7552

[email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Chemicals/Plastics Specialty Interior Design Home Goods Manufacturing Architecture Retail Residential Building & Real Estate

MEDIA:

Photo
Photo
GLIDDEN® paint by PPG took its green- and guac-loving affinity to a whole new level by announcing its hand-picked 2022 Color of the Year: Guacamole (PPG1121-5). (Photo: Business Wire)