Market Newsdesk

BEIJING, May 20, 2021 /PRNewswire/ — Renren Inc. (NYSE: RENN) (“Renren” or the “Company”) today announced that it received a notice from NYSE Regulation indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 20-F for the year ended December 31, 2020 (the “2020 Form 20-F”) with the Securities and Exchange Commission (the “SEC”).

The Company was not able to file the 2020 Form 20-F by its due date primarily due to the additional time required to prepare the Company’s audited financial statements for the year ended December 31, 2020, as set forth in the Form 12b-25 submitted to the SEC on April 30, 2021. The Company is making all efforts to file the 2020 Form 20-F as soon as possible.

NYSE Regulation notified the Company that the NYSE will closely monitor the status of the Company’s late filing and related public disclosures for up to a six-month period from the due date of the annual report. If the Company fails to file its annual report and any subsequent delayed filings within six months from the filing due date, the NYSE may, in its sole discretion, allow the Company’s securities to trade for up to an additional six months depending on specific circumstances, as outlined in Section 802.01E of the NYSE Listed Company Manual. It is expected by the NYSE that the Company will submit an official request for NYSE’s consideration at the appropriate time. If the NYSE determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence pursuant to Section 804.00 of the NYSE Listed Company Manual.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates several US-based SaaS businesses. Renren’s American depositary shares, each of which currently represents 45 Class A ordinary shares, trade on NYSE under the symbol “RENN”.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE Renren Inc.

As a high-level SAP Partner, Pivotree is qualified to deliver projects for all five pillars of the SAP CX suite, further enabling brands to implement Frictionless Commerce initiatives

TORONTO, May 20, 2021 /PRNewswire/ – Pivotree Inc. (TSXV: PVT) (“Pivotree” or the “Company“), a leading provider of Frictionless Commerce solutions, today announced it has achieved SAP Gold Status. In addition to being recognized as a high-level SAP partner, Pivotree is qualified to deliver projects for all five pillars of the SAP CX suite in the United States, enhancing the company’s capabilities to implement Frictionless Commerce projects for businesses deploying enterprise-level technology from SAP.

“Today’s announcement puts Pivotree in an exclusive position in the global SAP partner community,” said James Urbati, GM of Commerce at Pivotree. “Our Gold status illustrates to relevant SAP stakeholders — including large global brands, leading SAP talent, and members of our SAP channel partners — that Pivotree performs at a high level across our entire business and is a leader in delivering SAP CX-based solutions.”

SAP is a leading provider of enterprise technology solutions, and its CX (Customer Experience) suite helps companies understand their customers and engage them with hyper-personalized experiences.

The ability to design, build, and manage all five pillars of the SAP CX suite supports Pivotree’s mission to deliver truly Frictionless Commerce experiences across all touchpoints, including Commerce, Marketing, Sales, and Service. Using the final pillar, Customer Data Cloud (CDC), Pivotree provides a single source of truth for customer data, eliminating the potential for friction at any point in the value chain.

“Pivotree has partnered closely with SAP since 2013, and their continued innovation in eCommerce customer experiences aligns with our mission to advance a world of Frictionless Commerce,” said Greg Wong, CRO at Pivotree. “With the addition of the Sales and Service pillars, we can deliver a true end-to-end SAP CX technology strategy, as well as implement these platforms individually and integrate them with other technology solutions. Pivotree is one of a select number of SAP partners with this capability, and now one of the few to achieve Gold status.”

To learn more about Pivotree SAP solutions, visit pivotree.com/platforms/sap-customer-experience/.

About Pivotree

Pivotree is a leading global commerce and MDM services provider. It is an end-to-end vendor supporting clients from strategy, platform selection, deployment, and hosting through to ongoing support. It operates as a single expert resource to help companies adapt relentlessly in an ever-changing digital commerce landscape. Leading and innovative clients rely on Pivotree’s deep expertise to choose enterprise-proven solutions and design, build, and connect critical systems to run smoothly at defining moments in a commerce business. Pivotree serves as a trusted partner to over 170 market-leading brands and forward-thinking B2C and B2B companies, including many companies in the Fortune 1000. With offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader around the globe. For more information, visit http://www.pivotree.com.

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SOURCE Pivotree Inc.

TORONTO, May 20, 2021 /CNW/ – Accenture (NYSE: ACN) today opened the application period for the fifth annual Accenture HealthTech Innovation Challenge, which seeks to support innovative solutions for improving the way people access, receive, manage and finance healthcare in North America.

Now in its fifth year, the Accenture HealthTech Innovation Challenge brings healthcare organizations and start-ups together to tackle the world’s biggest health issues. The industry is at a pivotal moment, and the health leaders of today and tomorrow will be those that can harness the power of technology and human ingenuity to put the human at the heart of everything they do. To apply, health start-ups will find the submission form, including additional details about the challenge’s criteria, eligibility, and requirements at Accenture HealthTech Innovation Challenge.

“COVID-19 has shown all of us that speed and agility are crucial to creating solutions to get us through the pandemic and that’s why we are excited to bring together the best and most innovative start-ups from across Canada and the United States that are working to tackle some of the greatest challenges in healthcare today,” said Jimmy Yang, Canadian Health Practice Lead at Accenture. “With a start-up mentality, healthcare-focused organizations are better able to accelerate the adoption of digital technology and innovative solutions that will improve how healthcare is delivered for patients and managed by clinicians. We can’t wait to explore the disruptive ideas put forward by today’s emerging health-tech companies alongside a panel of globally-recognized health industry leaders.”

“The Accenture HealthTech Innovation Challenge identifies startups who are solving healthcare industry challenges in unique ways,” said Shally Pannikode, SVP and CIO with Humana, who will be a judge in the challenge. “There is an appetite for new ideas and this year’s cohort really have an opportunity to question the status quo with solutions that improve healthcare outcomes.”

Emerging healthcare technology innovators and disruptors that provide their services and solutions in North America are encouraged to apply for the program. Submissions from eligible companies will be accepted through 11:59 p.m. ET on July 2nd. The three categories for this year’s Accenture HealthTech Innovation Challenge are:

• Increased Access: Solutions that can expand access to services and treatments for health organizations. Examples include virtual care, digital therapeutics, home and remote healthcare delivery models, and new care models for underserved needs.
• Consumer & Clinician Experience: Solutions that can create positive consumer and clinician experiences. Consumer experience examples include solutions that improve wellbeing, care coordination, disease prevention and chronic condition management.
• Operational Efficiency: Solutions that look to increase enterprise efficiency and core day-to-day processes. Examples include back office solutions, and patient, data, and distribution management.

Accenture is seeking applications that are focused on healthcare organization buyers. Key criteria for applicants include desirability (customer need), viability (business model), feasibility (scalability), and purpose. Health organizations are defined as public health entities, private payers, provider systems, delivery networks, retail health companies and organizations that participate in the healthcare delivery and payment ecosystem.

Selected finalists will present to an exclusive panel of judges comprised of senior executives from globally recognized health companies at a virtual event to be held on September 28.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at www.accenture.com.

Accenture provides the information on an “as-is” basis without representation or warranty and accepts no liability for any action or failure to act taken in response to the information contained or referenced in this press release.

Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

SOURCE Accenture

This second campaign features seven Canadian women who, through their cultural backgrounds and commitments, contribute to the richness and collective history of our society.

MONTREAL, May 20, 2021 /CNW Telbec/ – The Reitmans brand, the inclusive destination for all Canadian women looking to update their wardrobe, is highlighting Canada’s cultural diversity with its new “Diversity is the Fabric of Canada” campaign. Created in collaboration with agency Cossette, the campaign features seven inspiring Canadian women from diverse fields such as arts, sports, fashion, media and entertainment. In an effort to celebrate diversity with a powerful symbol, the brand paid homage to the national anthem with a creative and contemporary twist. The campaign was also adapted in Punjabi, Mandarin and Cantonese by Toronto-based agency Ethnicity Matters.

The “Diversity is the Fabric of Canada” campaign highlights Reitmans’ core values of inclusion, diversity and authenticity. While diversity remains at the forefront of many conversations across the country, many are wondering what more can be done to make progress. With this in mind, Reitmans is sharing its voice and undertaking concrete actions. “Through our second diversity campaign, we wanted to unite and celebrate the collective history of our beautiful country. We are committed to making real and lasting change by using the reach of our brand to continue to advocate for respect and equality. This includes creating an inclusive work environment, whether it’s within our own company or across all our marketing campaigns,” says Jackie Tardif, President of the Reitmans brand and Executive Sponsor of Diversity and Inclusion of Reitmans (Canada) Limited.

The ambassadors chosen for this campaign include South Asian Canadian teacher and fashion designer Sandy Kaur Gill, the first Chinese-born principal dancer in the history of the National Ballet of Canada, Chan Hon Goh, African-American Canadian athlete Angela James, Lebanese and Uruguayan/French Canadian comedian and actress Mariana Mazza, Chilean/French Canadian host, author, producer, entrepreneur and speaker Alexandra Diaz, Indigenous author and poet Natasha Kanapé Fontaine, and Senegalese/French Canadian rapper Sarahmée. Each of them participated in the design of a pattern, reproduced on a T-shirt and scarf that reflects their style and cultural background. A tote bag was also created as part of the initiative. These items are available in stores and online starting May 21, 2021 for $29.90, $19.90 and $34.90 respectively. For each product sold, Reitmans will donate $2 to the 7 causes chosen by the ambassadors, up to a maximum of $10,000 for each. The seven charities include: The Canadian Women’s Foundation, Seva Food Bank, the Smilezone Foundation, the Canadian Cancer Society, the Waskapitan Fund, La Rue des Femmes, and Centre d’Encadrement pour Jeunes Femmes Immigrantes (CEJFI).

The campaign launch is supported by a 360⁰ marketing strategy across multiple channels, from in-store signage, a digital amplification campaign, as well as multicultural TV, digital and radio ads translated into Punjabi, Cantonese and Mandarin, social media extensions (TikTok, Instagram, Facebook, YouTube) to organic content that brings together the #ReitmansReallyYou community.

As part of a Canada-wide contest, Reitmans will be giving 10 newcomers a new wardrobe worth $1,000 which they can wear for job interviews, citizenship ceremonies, holidays or special occasions. Winners will be determined based on a short essay (150 words) in which they will be asked to express their thoughts on what makes Canada a great place to live.

This campaign was made possible by an extraordinary group of people. Among them is Meryam Joobeur who directed the video, a Tunisian-Canadian director living in Montreal who was nominated for an Oscar for best short fiction film and won several awards including best Canadian short film at the 2018 Toronto International Film Festival [TIFF]. Not to mention electro producer, DJ and multi-instrumentalist Ouri who composed the music.

About the Reitmans brand
Reitmans, a brand within Reitmans (Canada) Limited has grown to become one of Canada’s most loved women’s apparel and accessories brand, with a strong online presence and 245 stores across the country. Reitmans’ collections offer everything from timeless styles to lively must-haves in Canada’s greatest style diversity with inclusive sizes ranging from 0-22 (XXS-3X) in Tall, Regular and Petite. Reitmans’ in-house design team strives to create clothes that fit into their customers’ lifestyles and encourage them to feel their most confident while staying true to and celebrating their own unique style. For further information, please visit our website: www.reitmans.com.

About Reitmans (Canada) Limited
The Company is a leading women’s specialty apparel retailer with retail outlets throughout Canada. The Company operates 414 stores consisting of 245 Reitmans, 91 Penningtons and 78 RW&CO. The Company is a publicly traded company listed on the TSX Venture Exchange (TSXV: RET) (TSXV: RET.A). For more information, visit www.reitmanscanadalimited.com.

SOURCE Reitmans (Canada) Limited

NEW YORK, May 20, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Santa Cruz County Bank (CA) (OTCQX: SCZC), a California state chartered bank, has qualified to trade on the OTCQX® Best Market. Santa Cruz County Bank (CA) upgraded to OTCQX from the Pink® market.

Santa Cruz County Bank (CA) begins trading today on OTCQX under the symbol “SCZC.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

President and CEO of Santa Cruz County Bank, Krista Snelling, stated, “By joining the OTCQX Best Market, we intend to generate broader recognition by investors and to further highlight the exceptional performance of Santa Cruz County Bank. We are honored to be included on the OTCQX, which supports the Bank’s growth and commitment to creating more value for our shareholders.”

Raymond James & Associates, Inc. acted as the company’s OTCQX sponsor.

About Santa Cruz County Bank (CA)
Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has eight branches–Aptos, Capitola, Cupertino, Monterey, Santa Cruz (2), Scotts Valley and Watsonville, with plans for a future full-service banking office in Salinas opening in 2022. Santa Cruz County Bank is distinguished from “big banks” by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations.

For more information about Santa Cruz County Bank, visit www.sccountybank.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected] 
Vic Davis, Santa Cruz County Bank, [email protected] 

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SOURCE OTC Markets Group Inc.

NORTH CANTON, Ohio, May 20, 2021 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will present at the KeyBanc Industrials & Basic Materials Virtual Conference on June 3, 2021, at 2 p.m. EDT.

Presenting on behalf of Timken will be Richard G. Kyle, president and chief executive officer and Philip D. Fracassa, executive vice president and chief financial officer. A live webcast of the presentation will be available for download at www.timken.com/investors. A replay of the webcast will be posted via the same website link until June 17, 2021.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.5 billion in sales in 2020 and employs more than 17,000 people globally, operating from 42 countries. Timken is recognized among America’s Most Responsible Companies by Newsweek, the World’s Most Ethical Companies® by Ethisphere and America’s Best Employers by Forbes.

Media Relations:

Scott Schroeder

234.262.6420
[email protected]

Investor Relations:

Neil Frohnapple

234.262.2310
[email protected]

 

 

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SOURCE The Timken Company

NEW YORK, May 20, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Monarch Mining Corporation (TSX: GBAR) (OTCQX: GBARF), a fully integrated mining company, has qualified to trade on the OTCQX® Best Market. Monarch Mining Corporation upgraded to OTCQX from the Pink® market.

Monarch Mining Corp. begins trading today on OTCQX under the symbol “GBARF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

“We are very pleased to be trading on the OTCQX,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “This is an important milestone for Monarch, which will facilitate trading in our stock for US investors as we are aiming to expand our shareholder base to a larger pool of retail and institutional investors.”     

Securities Law USA, PLLC acted as the company’s OTCQX sponsor.

About Monarch Mining Corporation
Monarch (TSX: GBAR) (OTCQX: GBARF) is a fully integrated mining company that owns four advanced projects, namely the Beaufor Mine, Croinor Gold, McKenzie Break and Swanson projects, all located near Monarch’s wholly owned and fully permitted Beacon 750 tpd mill. Monarch owns 28,725 hectares (287 km²) of mining assets in the prolific Abitibi mining camp that host 588,482 ounces of combined measured and indicated gold resources and 329,393 ounces of combined inferred resources. Monarch Mining was created following the +$200M successful transaction between Yamana Gold and Monarch Gold announced on November 2, 2020.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc.
+1 (212) 896-4428
[email protected] 

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SOURCE OTC Markets Group Inc.

CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ — The Cato Corporation (NYSE: CATO) today reported net income of $20.7 million or $0.92 per diluted share for the first quarter ended May 1, 2021, compared to a net loss of $28.4 million or ($1.19) per diluted share for the first quarter ended May 2, 2020. 

Sales for fiscal 2020 were significantly impacted by the closure of our stores for six weeks due to the COVID-19 pandemic, beginning March 19, 2020. Due to the impact of the unprecedented closures, the Company will report sales compared to each of the past two years.  Sales for the first quarter were $211.2 million, or an increase of 114% from sales of $98.8 million for the first quarter ended May 2, 2020.  Compared to the same period in 2019, sales decreased 7% from sales of $228.3 million for the quarter ended May 4, 2019. The Company’s same-store sales for the quarter increased 111% compared to 2020 and decreased 8% when compared to the same period in 2019.

“We remain cautiously optimistic about the remainder of the year as we see customer traffic improve, states continue to lift capacity limits as more people are vaccinated, the comfort level with venturing out to social events increases and people prepare to return to work,” stated John Cato, Chairman, President, and Chief Executive Officer.  “We do anticipate the beneficial effects of stimulus funds on the economy to taper off in the near future and retail to continue to be negatively impacted by global supply chain challenges.”

Gross margin increased from 15.4% to 41.5% of sales in the quarter due to higher merchandise margins.  SG&A expenses as a percent of sales decreased from 53.1% to 29.9% of sales during the quarter primarily due to leveraging of expenses as a result of normalized sales and a $5.3 million non-cash impairment charge in the prior year, partially offset by higher incentive compensation. Tax impact for the quarter was a $3.1 million expense versus a $9.1 million benefit in the prior year due to the pre-tax loss.  The Company ended the quarter with unrestricted cash and short-term investments of $183.2 million, with no borrowings outstanding on its revolving line of credit compared to $117.8 million for the same period in 2020, net of $30 million drawn on its line of credit.

During the first quarter ended May 1, 2021, the Company permanently closed 5 stores. As of May 1, 2021, the Company has 1,325 stores in 32 states, compared to 1,300 stores in 31 states as of May 2, 2020.

“Our healthy cash position, no debt and actions taken to preserve capital contributed to Cato’s ability to weather a year like 2020,” Mr. Cato said.  “And the hard work and dedication of our associates and the loyalty of our customers is allowing us to regain ground lost during 2020.  Our priority, in addition to providing a safe shopping environment, is to provide fashion and outstanding customer service at a great value to our customers.”

“As the effects of the pandemic remain ongoing, there still remains a high level of uncertainty as to their continued impact on the retail industry as a whole. The lingering effects of the prolonged supply chain disruption are also a concern,” shared Mr. Cato.  “In light of these uncertainties, we remain cautiously optimistic about the remainder of the year.  However, should our strong start continue through the first half, we expect to revisit store development opportunities and other projects suspended due to COVID.”

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, “Cato,” “Versona” and “It’s Fashion.”  The Company’s Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.  The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com.  Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day.  Select Versona merchandise can also be found at www.shopversona.com.  It’s Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.

Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact,
 i
ncluding, without limitation, statements regarding the Company’s expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of the coronavirus are considered “forward-looking” within the meaning of The Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements. 
Such factors include, but are not limited to
, any actual or perceived deterioration in the conditions that drive consumer confidence and spending, including, but not limited to, prevailing social, economic, political and public health conditions and uncertainties, levels of unemployment, fuel, energy and food costs, wage rates, tax rates, interest rates, home values, consumer net worth and the availability of credit; changes in laws or regulations affecting our business including but not limited to tariffs; uncertainties regarding the impact of any governmental action regarding, or responses to, to the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to rapidly changing fashion trends and consumer demands; our ability to successfully implement our new store development strategy to increase new store openings and the  ability of any such new stores to grow and perform as expected; adverse weather, public health threats (including the global coronavirus (COVID-19) outbreak) or similar conditions that may affect our sales or operations; inventory risks due to shifts in market demand, including the ability to liquidate excess inventory at anticipated margins; and other factors discussed under “Risk Factors” in Part I, Item 1A  of the Company’s most recently filed annual report on Form 10-K and in other reports the Company files with or furnishes to the SEC from time to time.  The Company does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized. The Company is not responsible for any changes made to this press release by wire or Internet services.

 

 

 

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SOURCE The Cato Corporation

PITTSBURGH, May 20, 2021 /PRNewswire/ —

/ Key Highlights

• Ansys is transforming engineering curricula through a partnership with Cornell University to develop simulation courses, supplementing online learning
• Cornell’s SimCafe tutorials will now be accessible on the Ansys Innovation Courses platform

Ansys and Cornell University’sSibley School of Mechanical and Aerospace Engineering are transforming online engineering curriculum with new simulation-based online courses. The collaboration satisfies the increased demand for remote learning and brings simulation software to the forefront of teaching.

As graduating engineers and young professionals face demanding positions and high expectations in the workplace, Cornell and Ansys are arming them with access to world-class simulation education. Through this collaboration with Cornell, Ansys lowers the barrier for simulation education and equips a new era of engineers to succeed within advanced engineering teams, who increasingly leverage simulation to solve complex engineering problems.

Faculty from Cornell’s College of Engineering will design and develop courses with eCornell, the university’s external education unit, while Ansys provides support for the inclusion of real-world application examples and detailed technical write-ups of problem formulations, engineering assumptions, simulation approaches and results interpretation. The courses’ flexible format enables participants to complete the curricula on their own timelines. Courses will be offered for both students and professionals seeking to bolster their skillsets. Additionally, Cornell has chosen the Ansys Innovation Courses platform to host their existing SimCafe tutorials. Cornell will work closely with Ansys to migrate all of their tutorials to the Innovation Courses learning structure, resulting in more than 50 new Cornell courses, adding to the more than 75 existing Ansys Innovation courses.

“Simulation is a disruptive technology that can be used to transform engineering curriculum at the university level,” said Rajesh Bhaskaran, Swanson director of engineering simulation at Cornell University’sSibley School of Mechanical and Aerospace Engineering. “As simulation becomes a standard feature of curriculum for teaching physics and applications, nearly every engineering graduate should be able to use simulation software effectively. Together with Ansys, we look forward to preparing engineers with the simulation skillset they need.”

“Through our continued collaboration with Cornell University, we are helping students and professionals engineer what’s ahead throughout every stage of their career,” said Prith Banerjee, chief technology officer at Ansys. “As simulation continues to revolutionize how engineering is done, the eCornell courses, supplemented by our Ansys Innovation Courses, will ensure that participants gain the experience needed to excel in the ever-changing industry.”

The Cornell courses are now open for registration. To learn more or to sign up, please visit https://ecornell.cornell.edu/certificates/engineering/fluid-dynamics-simulations-using-ansys/. Ansys Innovation Courses are available at https://courses.ansys.com/.

/ About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–T

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SOURCE Ansys