Market Newsdesk

SCOTTSDALE, Ariz., April 07, 2021 (GLOBE NEWSWIRE) — AgJunction Inc. (TSX: AJX) (“AgJunction” or the “Company”) and Mahindra & Mahindra Ltd. (IN:MAHM) (“Mahindra”) are pleased to announce a joint project whereby Mahindra will demonstrate autosteering technology on a Hasret 125 Lüks CRD4 tractor, built by Erkunt Traktör Sanayii A.Ş in Turkey.

The demonstration will provide local growers a close look at key precision farming technologies, including auto-steering functions for precision planting and crop maintenance, auto eTurns™ and row headland process for managing field configurations, automated implement lift capability, and precision navigation using cellular enabled real-time kinematic GPS technology. The demonstration will be conducted over a six to eight-month period and cover all aspects of crop planting, tilling, fertilization, irrigation, and harvest leveraging the accuracy and continuity of the AgJunction precision guidance solution on the Mahindra Erkunt tractor.

The demonstration will be conducted with local farmers in the Afyonkarahisar Province of Turkey. AgJunction and Mahindra will provide training on precision farming techniques with experienced Turkish growers, using the latest available steering and tractor technologies. Local university students will be engaged to provide technical support and learn about the latest technologies in a hands-on environment.

“Precision farming using AgJunction technology can enable farms of all sizes to improve productivity and increase crop yields,” said Dr. M. Brett McMickell, president and CEO of AgJunction. “We look forward to working with Mahindra to improve the accessibility of precision agriculture globally.”

Commenting on the joint project, Ramesh Ramachandran, Sr. Vice President, FES Strategy & Head, Farming as a Service, Mahindra, stated: “Precision Farming technologies are needed by farmers globally to enhance crop yield and lower cost of cultivation. Through our work with AgJunction, we look forward to bringing these technologies at an affordable cost.”

About AgJunction

AgJunction Inc. is a global leader of advanced guidance and autosteering solutions for precision agriculture applications. Its technologies are critical components in over 30 of the world’s leading precision Ag manufacturers and solution providers and it holds over 200 patents and patents pending. AgJunction markets its solutions under leading brand names including Novariant®, Wheelman®, Whirl™ and Handsfreefarm®. AgJunction is headquartered in Scottsdale, Arizona, and is listed on the Toronto Stock Exchange (“TSX”) under the symbol “AJX.” For more information, please go to AgJunction.com.

About Mahindra

Mahindra & Mahindra Ltd. is part of The Mahindra Group, a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 256,000 people across 100 countries. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this news release, unless otherwise stated. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. These statements are only predictions and actual events or results may differ materially. Although the Company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievement since such expectations are inherently subject to significant business, economic, competitive and political uncertainties and contingencies. Accordingly, readers should not place undue reliance on such forward-looking information contained in this press release.

In respect of the forward-looking information, AgJunction has provided such information in reliance on certain assumptions that it believes are reasonable at this time, including, but not limited to, the sufficiency of budgeted capital expenditures in carrying out planned activities; that AgJunction’s future results of operations will be consistent with management expectations in relation thereto; availability of key supplies, components, services, networks and developments; the impact of increasing competition; conditions in general economic, agricultural and financial markets; demand for the Company’s products; and the continuity of existing business relationships.

Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which AgJunction operates; competition; inability to introduce new technology and new products in a timely manner; legal claims for the infringement of intellectual property and other claims; negative conditions in general economic, agricultural and financial markets; and reduced demand for the Company’s products. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on other factors that could affect the Company’s operations or financial results, are included in reports of AgJunction on file with applicable securities regulatory authorities, including but not limited to, AgJunction’s Annual Information Form which may be accessed on its SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is made as of the date hereof and AgJunction undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contact:

Media

[email protected]

Investor Relations

Gateway Investor Relations
Cody Slach or Cody Cree
1-949-574-3860
[email protected]

Nickelodeon Veterans Russell Hicks and Paul Ward Join Grom in Key Leadership Roles

BOCA RATON, April 07, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Grom Social Enterprises, Inc. (OTCQB: GRMM) (“Grom” or the “Company”), today announced it has entered into a binding letter of intent to acquire kids and family entertainment company, Curiosity Ink Media, LLC (“Curiosity”) – a producer and developer of original kid-friendly content – to complement the Company’s existing offerings of brand-safe social media for kids, animation production and web filtering for schools, government agencies and private businesses. Additionally, Grom appointed two former Nickelodeon executives – Curiosity’s President Russell Hicks and Paul Ward — to lead the Company’s animation, social media and educational divisions. An emerging platform and content provider of entertainment for kids under 13 years old, the Company’s subsidiary, Grom Social, Inc. (“Grom Social”), provides a secure social media venue for kids that is monitored around the clock and invites parents and guardians to play an active role in a child’s social media activities. The announcements were made by Darren Marks, Grom’s Chairman and Chief Executive Officer.

The Company believes that the addition of Curiosity would enable Grom to explore original programming, including serving as an original content pipeline for Subscription Video On Demand (SVOD) services and others looking to fortify their content offerings with kid and family-friendly programming. Additionally, the Company anticipates that the acquisition would unlock the potential for Grom to create cross-platform synergies whereby Curiosity’s content can debut on Grom Social, gain user feedback and help inform series development. 

“We expect that the acquisition of Curiosity will strengthen our foothold in original content production and allow us to explore synergies across our animation, social media and educational services while fortifying our mission to serve kids and families in a variety of ways,” said Marks. “We believe the arrival of Russell and Paul to drive Grom’s portfolio, along with the addition of Curiosity Ink Media, will be a watershed moment for us. We are energized and elated by the possible opportunities the addition of Russell, Paul and Curiosity Ink Media represent.”

As Chief Content Officer of Grom, Hicks will continue to oversee Curiosity Ink Media’s original film, television and publishing projects, in addition to his new role as President of Grom’s subsidiary, Top Draw Animation, Inc. (“Top Draw”). Top Draw boasts a 22-year history as an animation producer of several series including Tom & Jerry, The Hollow, Monster Beach and Penn Zero, among others.  Hicks will join Top Draw’s Chief Executive Officer and founder, Wayne Dearing, and the studio’s Executive Senior Vice President, Stella Dearing, in combining original animation with the company’s legacy role as a producer of animated content. 

Ward will assume two roles for Grom.  In the newly-created position of President of Grom Social, Ward is charged with building on the success of Grom’s emerging COPPA-compliant social media platform, which is designed to engage kids while educating users about the importance of Internet safety. As Executive Vice President, Social Enterprises, Ward will spearhead the evolution of the Company’s subsidiary, Grom Educational Services, Inc., a provider of web-filtering services used in education, government and private businesses.

The Company anticipates that, together, Hicks and Ward will identify and champion synergistic opportunities across Grom’s portfolio. Both veterans of kids’ and family entertainment, Hicks and Ward served as executives with Nickelodeon and Nick at Nite during the combined network’s historic, uninterrupted 13-year run as the number one network in ad-supported cable television. 

Prior to the formation of Curiosity, Hicks was President of Production and Development at Nickelodeon, where he was instrumental in cultivating several blockbuster hits including SpongeBob SquarePants, Henry Danger, The Loud House and the revival of the Teenage Mutant Ninja Turtles. Earlier in his career, while an executive at Warner Bros., Hicks played major roles in the development of Teddy Ruxpin and the revival of the time-tested and beloved animated series, Scooby-Doo. 

Ward, whose 23-year tenure with Viacom was capped by his role as Nickelodeon Kids’ & Family Group’s Executive Vice President of Primetime, Acquisitions and Strategy, where he led Nick at Nite’s foray into original programming and was instrumental in securing top series including Friends, George Lopez and The Nanny to round out the company’s roster of hit programming. As a member of the TV Land Executive Team, he was instrumental in championing numerous attention-grabbing promotions including the TV Land Landmarks initiative, which placed bronze statues of iconic TV characters in cities that served as their backdrops including a Mary Tyler Moore statue in Minneapolis and one of Andy Griffith in Raleigh, NC, among others. Ward also helped develop the Nick at Nite & TV Land Family Table, a multi-year pro-social campaign designed to promote the social and academic benefits of families who take time to sit down and eat together, an initiative he undertook with Columbia University’s CASA (Center on Addiction and Substance Abuse). 

About Curiosity Ink Media, LLC

Curiosity Ink Media is a global media company that develops, acquires, builds, grows and maximizes the short, mid & long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. Driven by a highly experienced leadership team, Curiosity Ink Media is committed to establishing a multi-faceted I.P. library, designed to amass ongoing value through strategic stewardship, partnerships and highly targeted market entry.

About Grom Social Enterprises, Inc.

Grom Social Enterprises, Inc. is a growing social media platform and original content provider of entertainment for children under 13 years of age, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens. The Company owns and operates Top Draw Animation,, which produces award-winning animation content for some of the largest international media companies in the world. Grom also includes Grom Educational Services, which has provided web filtering services for K-12 schools, government and private businesses. For more information, please visit gromsocial.com.

Forward-Looking Statements

This press release contains statements, which may constitute “forward-looking statements.”. Those statements include statements regarding the intent, belief, or current expectations of Grom and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.gromsocial.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:
GROM Social Investor Relations
(561) 287-5776
TraDigital IR
John McNamara
917-658-2602
[email protected]

MOUNTAIN VIEW, Calif., April 07, 2021 (GLOBE NEWSWIRE) — ChemoCentryx, Inc., (Nasdaq: CCXI), today announced that it will host a virtual R&D Day on Wednesday, April 14, 2021 beginning at 12:30 p.m. ET. The event will feature a panel of key opinion leaders, a testimonial from a patient living with ANCA-associated vasculitis and members of the ChemoCentryx Management team. The event will focus on the Company’s upcoming milestones and developments in key pipeline programs.

Presenters:

• Thomas J. Schall, Ph.D., President and Chief Executive Officer of ChemoCentryx
• Tausif (“Tosh”) Butt, Executive Vice President and Chief Operating Officer of ChemoCentryx
• David Jayne, M.D., Director of the Vasculitis and Lupus Service, Addenbrooke’s Hospital in Cambridge
• Peter A. Merkel, M.D., MPH, Chief of Rheumatology and Professor of Medicine and Epidemiology at the University of Pennsylvania
• Glen Massie, Patient living with ANCA-associated vasculitis

Virtual R&D Day Information:

• Date: Wednesday, April 14, 2021
• Time: 12:30pm – 3:00pm ET
• Live webcast link: https://wsw.com/webcast/cc/ccxi2/

Following completion of the live event, an archived webcast can be accessed through the Investors section of the Company’s website at www.ChemoCentryx.com, approximately two hours following the event. The archived webcast will remain available on the Company’s website for 60 days.

About ChemoCentryx

ChemoCentryx is a biopharmaceutical company developing new medications for inflammatory and autoimmune diseases and cancer. ChemoCentryx targets the chemokine and chemoattractant systems to discover, develop and commercialize orally-administered therapies. ChemoCentryx’s lead drug candidate, avacopan (CCX168), successfully completed a pivotal Phase III trial in ANCA-associated vasculitis and a New Drug Application is under review by the U.S. Food and Drug Administration. Avacopan is also in late stage clinical development for the treatment of severe Hidradenitis Suppurativa and C3 glomerulopathy (C3G).

ChemoCentryx also has early stage drug candidates that target chemoattractant receptors in other inflammatory and autoimmune diseases and in cancer.

Contacts:

Susan M. Kanaya
Executive Vice President,
Chief Financial and Administrative Officer
[email protected] 

Media:

Stephanie Tomei
408.234.1279
[email protected] 

Investors:

Burns McClellan, Inc.
Lee Roth
212.213.0006
[email protected] 

ALHAMBRA, CA, April 07, 2021 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, announced today that its SDI500/505 Inertial Measurement Unit (IMU) has been ranked 1st in overall accuracy in a U.S. Military-commissioned IMU trade study of 19 competing IMUs being evaluated as an alternative to the Honeywell HG1700 for various weapons systems.

The objective of the third-party independent study was to deliver a comprehensive report to the government and make a recommendation supported by clear and compelling technical, financial, and other relevant data collected regarding the most advantageous IMU products and services available in the market today. 19 IMUs of various technologies, complexity, cost, and developmental status, from leading manufacturers, were evaluated in short and long flyout simulations against the HG1700.

The study concluded that EMCORE’s SDI500/505 IMU, with reduced size, weight, and power compared to HG1700, delivered “compelling performance, cost, SWAP, maturity” and outperformed the HG1700 in both flyout simulations. The test house spokesperson stated, “the SDI500/505 system was a solid performer across the performance, technical maturity, warhead integration, and cost analysis threads.” Therefore, the SDI500/505 scored #1 out of the 19 different IMUs tested.

“The results of this IMU trade study are further validation of the clear industry leadership of our mature and proven SDI500/505 IMU,” said Albert Lu, EMCORE’s Senior Vice President and General Manager, Aerospace & Defense. “They outperform other MEMS IMUs and continuously deliver comparable performance to older, costlier optical IMUs in a lower power, smaller, and lighter form factor,” added Mr. Lu.

The dual-use non-ITAR SDI500/505 IMUs are designed to achieve the demanding performance levels required in sophisticated systems, including weapons guidance and targeting, commercial and defense fixed-wing aircraft & helicopters, UAVs (Unmanned Autonomous Vehicles), and a wide variety of other high-precision commercial, industrial, marine, defense, and space applications. They leverage industry-leading Quartz MEMS technology to deliver Angle Random Walk (ARW) values of 0.02°/√hr with 1°/hr bias stability.

We would welcome a deeper engagement with technical teams around the world to explore how our current and upcoming products could meet your needs for guidance, navigation, and control. For further discussion and specifications, call +1 866-234-4976; e-mail: [email protected]; or visit us on the web: www.emcore.com/nav.

About EMCORE

EMCORE Corporation is a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets. Our best-in-class components and systems support a broad array of applications including navigation and inertial sensing, defense optoelectronics, broadband transport, 5G wireless infrastructure, optical sensing, and cloud data centers. We leverage industry-leading Quartz MEMS, Lithium Niobate, and Indium Phosphide chip-level technology to deliver state-of-the-art component and system-level products across our end-market applications. EMCORE has vertically-integrated manufacturing capability at its wafer fabrication facility in Alhambra, CA, and Quartz MEMS manufacturing facility in Concord, CA. Our manufacturing facilities maintain ISO 9001 quality management certification, and we are AS9100 aerospace quality certified at our facility in Concord. For further information about EMCORE, please visit http://www.emcore.com.

Forward-looking statements:

The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE’s plans, strategies, business prospects, growth opportunities, changes, and trends in our business and expansion into new markets. These forward-looking statements are based on management’s current expectations, estimates, forecasts, and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) uncertainties regarding the effects of the COVID-19 pandemic and the impact of measures intended to reduce its spread on our business and operations, which is evolving and beyond our control; (b) the rapidly evolving markets for EMCORE’s products and uncertainty regarding the development of these markets; (c) EMCORE’s historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (d) delays and other difficulties in commercializing new products; (e) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (f) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (g) actions by competitors; and (h) other risks and uncertainties discussed under Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

EMCORE Corporation

David Hoyh
Director, Sales & Marketing
(925) 979-4503
[email protected]

Investor

Tom Minichiello
Chief Financial Officer
(626) 293-3400
[email protected]

Media

Joel Counter
Director, Corporate & Marketing Communications
(626) 999-7017
[email protected]

HOUSTON and BOSTON and GENEVA, April 07, 2021 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) and Nala Renewables will together acquire majority ownership of leading North American clean energy development and investment platform Swift Current Energy (“Swift Current”).

The transaction will enable Swift Current to accelerate its growth plans and allow Buckeye and Nala Renewables to invest in a renewable energy platform that aligns with their business priorities while further participating in the energy transition. Swift Current’s experienced management team will retain a minority ownership in the company through their holding company, Lookout Ridge Energy Partners, and remain in place as the company’s management.

“This strategic partnership offers an exciting opportunity to further advance critical renewable energy generation and storage development projects across the United States while growing this platform,” said Clark C. Smith, Buckeye’s President and CEO. “Through this investment and other renewable developments that align our business with the ongoing energy transition, we are positioning Buckeye to better serve our customers’ needs while improving the business’s long-term resiliency. We look forward to leveraging Buckeye’s resources to further strengthen and build the Swift Current platform to scale.”

“This investment reflects Nala Renewables’ ambitious energy outlook and is an exciting inaugural acquisition for the Company,” said Nala Renewables’ incoming CEO Jasandra Nyker. “We see North America as a dynamic and growing segment of the global renewable energy landscape, and we are excited to harness the collective power of Nala Renewables, Buckeye and Swift Current to capitalize on opportunities and help move the global energy transition forward.”

Boston-based Swift Current has commercialized more than 1.1 gigawatts (GW) of renewable projects since its founding in 2016. Swift Current has a pipeline of over 6 GW of solar, wind, and energy storage projects located close to U.S. demand centers in liquid power markets; the project portfolio offers significant optionality, driven by high demand from utilities, commercial and industrial users and retail customers. Over 2 GW of this capacity is attributable to eight solar projects which are in late-stage development. It is expected that the new shareholders will look to contribute further proprietary renewable energy generation and storage opportunities to the platform via their existing footprints and extensive networks.

“We are thrilled about Swift Current’s next chapter as we continue to accelerate the development of renewable energy projects that help reduce emissions from our power generation sector,” said Eric Lammers,Swift Current’s Co-Founder and CEO. “We look forward to drawing on Buckeye’s and Nala Renewables’ resources to support our strategic growth.”

About Buckeye Partners

Buckeye Partners, L.P., a wholly owned investment of the IFM Global Infrastructure Fund, owns and operates a diversified global network of integrated assets providing liquid petroleum product logistics solutions. Across every aspect of the business – including its nearly 6,000 miles of domestic pipeline, more than 115 liquid petroleum products terminals and 127 million barrels of tank capacity – Buckeye focuses on responsibly providing world-class service to meet the changing energy needs of its customers. As part of this business priority and commitment to its customers, Buckeye is increasingly diversifying its platform to advance energy transition initiatives and decarbonization efforts. For more information about Buckeye and its ESG efforts, visit buckeye.com.

About Nala Renewables

Nala Renewables is a renewable energy company formed in 2020 by Trafigura, one of the world’s leading independent commodity trading companies and global investment management firm IFM Investors, with the aim to invest in a series of solar, onshore wind and power storage projects globally. In the short-term, Nala Renewables aims to build a portfolio with total generation capacity of two gigawatts from renewable sources. This will avoid up to two million tCO2e in greenhouse gas emissions when compared with fossil fuel-based energy sources for electricity. For more information, please visit nalarenewables.com.

About Swift Current Energy

Swift Current Energy is headquartered in Boston, Massachusetts and has offices in Illinois, Maine, Montana and Texas. Founded in 2016, Swift Current Energy acquires and develops highly competitive wind and solar energy projects in North America. The Swift Current Energy management team has commercialized approximately 10 gigawatts of clean energy projects and brings more than 150 years of collective experience investing in, developing, constructing and operating clean energy projects across the country. For more information, please visit swiftcurrentenergy.com.

Media Contacts:

Buckeye Partners

[email protected]

Nala Renewables

Press Office: +41 (0) 22 592 4528 or [email protected]

Swift Current Energy

Sarah Bray
832.226.2116 or [email protected]

OTTAWA, April 07, 2021 (GLOBE NEWSWIRE) — Design 1st, one of the most trusted full-service product design-engineering firms across North America, today announced its client, GeoSight, a leading global provider of Cavity Monitoring Systems (CMS) to the underground mining industry, has launched its new GeoSight SCOUT, a wireless borehole deviation tool that can be lowered down a 1-inch drillhole. The GeoSight SCOUT is an easy-to-use and cost-effective tool that features the most advanced technology to survey drillholes of unlimited depth.

“We’re committed to providing the most technologically innovative and easy to use tools to help mining operators address their toughest challenges when it comes to precision in long hole production drilling and scanning in underground mines,” said John Lupton, Managing Director at GeoSight. “The GeoSight SCOUT, designed in partnership with Design 1st, is our newest portfolio offering that is purpose-built for harsh environments and leverages the most advanced wireless capabilities for the most accurate drilling results.”

Partnering for Success

GeoSight selected Design 1st to help develop SCOUT because of the company’s in-depth knowledge in design concepts, engineering, material processing and technology expertise. “Design 1st successfully guided us through the technical engineering options, testing phases and alerted us to risky items and stress points,” added Lupton. To ensure GeoSight SCOUT was market ready, Design 1st provided the necessary mechanical design and specification capabilities, managed the 2D and 3D asset creation, facilitated prototype and production fabrication and performed the initial prototype builds to prove out the design.

The GeoSight SCOUT is the second GeoSight product co-designed by Design 1st. The company previously partnered with Design 1st to help develop its Borehole mapping scanner (GSM) that was delivered to market last year. The remote-operated 3D scanner includes four IMU’s, camera and lidar providing a 360-degree view of the hole and void, and it can be lowered down a three-inch drillhole to a depth of 330m.

“We were excited that GeoSight selected us again to help bring a technically challenging product successfully to market,” said Matt Bailey, Vice President, Mechanical Engineering, Design 1st. “We were able to identify and overcome the risks and technology challenges early on and working together design a product that really sets a new standard for mining exploration and production drilling accuracy.”

Innovating for the Mining Industry

The new GeoSight SCOUT is a next-generation wireless drillhole survey tool that enables operators to quickly and accurately survey drillholes in harsh environments. The SCOUT can be lowered down a one-inch drillhole and is designed using an inertia measurement unit (IMU) and depth encoder for accurate mapping. It features a rechargeable battery system, a laser for geo-referencing from the collar of each hole, wireless connectivity for immediate data transfer, and humidity balancing to ensure the tool adjusts to pressure and temperature changes. SCOUT is built for harsh environments with anodized coatings and wear resistant plastics. Additional features and benefits include:

• No Magnetic Interference. The SCOUT features the Coriolis coupling effect to position itself, so magnetism has no effect on its measurements. It operates in a solid state, independent from earth’s magnetic field, therefore requiring no large spinning masses to calculate movement.
• Real-time data delivery. Once the SCOUT is returned to the base station the survey results are immediately transferred to the tablet.
• Easy to use. The SCOUT is easy to assemble, deploy and secure in the borehole.

About Design 1st

Design 1st is one of the most trusted full-service product design firms across North America, with a seasoned team consisting of diverse technical expertise, over 1,000 projects developed, and 130 client patents secured. From Startup to Enterprise, we enable companies to quickly scale capabilities throughout their new product development cycles by leveraging our core competencies in industrial design, mechanical engineering, electronics engineering, embedded firmware, and manufacturing setup. Design 1st’s plug-in experienced team has helped clients transform their physical ideas into commercialized hardware products across a variety of industries and influenced millions of people globally. To learn more, visit www.design1st.com.

About GeoSight

Since 2011, GeoSight has been providing Cavity Monitoring Systems (CMS) to the underground mining industry. Hundreds of customers across six continents have deployed GeoSights’ innovative solutions for safe and reliable scanning of dangerous and inaccessible cavities in underground mining sites. To learn more, visit www.geosight.ca/company.

Media Contact:

Lisa Williams
[email protected]
+1 (339) 788-0067

TORONTO, April 07, 2021 (GLOBE NEWSWIRE) — AGF Management Limited reported total fee-earning assets under management (AUM) of $40.5 billion as at March 31, 2021.  

ABOUT AGF MANAGEMENT LIMITED

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With over $40 billion in total assets under management, AGF serves more than 700,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

AGF Management Limited shareholders, analysts and media, please contact:

Adrian Basaraba

Senior Vice-President and Chief Financial Officer
416-865-4203, [email protected]

SAN FRANCISCO, April 07, 2021 (GLOBE NEWSWIRE) — Indeni, a leading security infrastructure automation company with a new solution for cloud security analysis, announced today it has become a technology partner with CircleCI, the leading CI/CD platform.

Indeni’s newest offering, Cloudrail, analyzes Terraform files to help security engineers identify issues, predict exposures before deployment, and provide developers with guardrails.

This container natively integrates with CI/CD pipelines so organizations can adopt a “Shift Left” security approach by addressing issues earlier in development to enable faster deployment. Customers can use the Indeni-provided orb in their CircleCI pipelines to scan infrastructure-as-code files and enforce security policies by stopping the pipelines when necessary.

“While existing IaC security solutions catch issues early in development, they generate many false positives, resulting in many unnecessary alerts and a lot of frustration for developers,” Indeni CEO & Founder Yoni Leitersdorf said. “This can also stop the pipeline too often, which is counterproductive. Cloudrail analyzes IaC files together with the cloud environments they are targeting and understands the relationship between resources, resulting in three times fewer alerts. It flags the issues your developers are actually likely to fix, rather than giving them a long list of items. Our partnership with CircleCI will enable security controls to become part of the application workflows. Security teams can feel at ease knowing that security policies and behaviors will be enforced throughout the development process.”

Indeni shares CircleCI’s vision to streamline integration and delivery by improving collaboration between development, security, and operations teams.

“Security is a critical part of CI/CD,” said Tom Trahan, VP of Business Development for CircleCI. “Our partnership with Indeni will allow our customers to catch issues earlier in the pipeline when they’re easier and less costly to address.”

Indeni is now offering 200 free Cloudrail evaluations per month through April. After that, users can continue to perform 30 evaluations per month for free. To learn more about how it works and get started today, visit indeni.com/cloudrail.

About Indeni

Indeni automates best practices for network security and cloud security. Its security infrastructure platform automates health and compliance checks for leading firewalls, including Check Point, Palo Alto and Fortinet devices, to maximize uptime and efficiency. Its cloud security analysis tool, Cloudrail, is now available to the general public. To learn more, visit indeni.com/cloudrail.

About CircleCI

CircleCI is the leading continuous integration and delivery platform for software innovation at scale. With intelligent automation and delivery tools, CircleCI is used by the world’s best engineering teams to radically reduce the time from idea to execution. Founded in 2011 and headquartered in downtown San Francisco with a global, remote workforce, CircleCI is venture-backed by IVP, Sapphire Ventures, Owl Rock, NextEquity Partners, Scale Venture Partners, Threshold Ventures, Baseline Ventures, Top Tier Capital Partners, Industry Ventures, Heavybit, and Harrison Metal Capital. Learn more at circleci.com.

Media Contact:

Ulrica de Fort-Menares
[email protected]
1-877-778-8991