Market Newsdesk

AUSTIN, Texas, April 14, 2021 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN) (“the Company”), a fully-integratedenterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced that it has released its Loyalty Software Development Kit (“SDK”) for Apple iOS and Google Android on GitHub to support the issuance of PhunToken by third-party mobile applications.

This important milestone, in support of the broader launch of Phunware’s Multiscreen-as-a-Service (“MaaS”) Mobile Loyalty Ecosystem, helps brands incentivize engagement and drive customer loyalty. By integrating this lightweight SDK, any mobile application publisher can track and reward in-app customer behavior on Apple iOS and Google Android.

“In order to drive the mainstream adoption of blockchain, it’s imperative that we make it both simple and convenient for companies and consumers to enjoy the benefits of cryptocurrencies without asking them to fundamentally change their behavior,” said Randall Crowder, COO of Phunware. “Our MaaS Loyalty SDK allows brands to seamlessly introduce additional functionality within their existing mobile application portfolios in order to reward app users for actions, including referring, sharing and engaging with content that is designed to promote increased brand awareness.”

In support of its MaaS Customer Data Platform (CDP), Phunware plans to release its Data SDK later this month to give mobile application publishers the ability to reward consumers for the value of their data by issuing PhunCoin. Both PhunToken and PhunCoin will be managed by PhunWallet on Apple iOS and Google Android, which will be made available for download following application approvals by the Apple App Store and Google Play, respectively.

Click here
to get started today and learn how PhunToken can help drive not only engagement, but also profitable behavior.

Safe Harbor Clause and Forward-Looking Statements

                     
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

About Phunware, Inc.

Everything You Need to Succeed on Mobile — Transforming Digital Human Experience

Phunware, Inc. (NASDAQ: PHUN)
, is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.                 

Phunware PR & Media Inquiries:

[email protected] 
T: (512) 693-4199

Phunware Investor Relations:

Matt Glover and John Yi
Gateway Investor Relations
Email: [email protected]
Phone: (949) 574-3860

PHILADELPHIA, April 14, 2021 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) plans to host a conference call and webcast on Thursday, April 29, 2021 at 10:00 a.m. ET to discuss the results of operations for the third quarter of fiscal 2021, ended March 31, 2021. The call and webcast will follow the release of third quarter fiscal 2021 financial results before the market opens on Thursday, April 29, 2021.

Conference Call and Webcast Details

What: Carpenter Technology Third Quarter Fiscal 2021 Conference Call

Date: Thursday, April 29, 2021

Time: 10:00 a.m. Eastern Time

Live Call: +1 412-317-9259

Live and Archived Webcast: ir.carpentertechnology.com

About Carpenter Technology

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com.

NEWTOWN, Pa. and VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) — Further to its news release dated March 11, 2021, Jericho Energy Ventures (TSXV: JEV; Frankfurt: JLM0; OTC: JROOF) (“Jericho” or “JEV” or the “Company”) is pleased to report that Hydrogen Technologies’ (“HTI”) patented, zero-emissions, hydrogen-based, cleanH2steam Dynamic Combustion Chamber™ (DCC™) boiler solution – through its exclusive UK licensing partners, Protium Green Solutions and sister company Deuterium – was included in a successful Phase One government funded feasibility study, dubbed Project HyLaddie, for the renowned Bruichladdich Distillery, located on the island of Islay in Scotland.

Project HyLaddie
is part of the UK Government’s Green Distilleries Competition, a £9 million Government funded program to help the UK’s world-famous distilleries get into the spirit of going green, cutting emissions and supporting green jobs. The grants will specifically support successful distilleries to accelerate projects that decarbonize their production processes, which typically rely on fossil fuels. Funding will enable distilleries to cut carbon emissions by half a million tonnes every year.

Hydrogen presents a significant opportunity for the whiskey industry and Islay itself, which currently uses fuel oil to meet its steam and heating demand. The production of whiskey in the UK directly produced around 530,000 tonnes of CO2e in 2018, with the majority of these emissions coming from the generation of heat for the distillation process which accounts for more than 80% of the distillation industry’s fuel consumption – all of which is currently from fossil fuels. HTI’s cleanH2steam DCC™ boiler creates heat and steam via hydrogen combustion through a closed-loop system, with zero emissions. With the number of UK distilleries totaling over 500, there are significant opportunities, in connection with our UK licensing partner, to expand our technology across the expansive UK alcoholic beverage markets.

Funding for the Green Distilleries Competition is part of a larger £1 billion Net Zero Innovation Portfolio which aims to accelerate low-carbon technologies, systems and processes in power, buildings, and industrial sectors. Alongside a dedicated hydrogen strategy, the UK is quickly moving towards large-scale funding initiatives to decarbonize many of its most carbon intensive industries.

Brian Williamson, CEO of JEV, stated, “We are thrilled that our DCC™ technology has been given the opportunity to demonstrate how hydrogen can be utilized to deliver a zero-emission steam solution for the world-class Bruichladdich distillery. The Food & Beverage market is presently a major consumer of steam from fossil fuels and we look forward to working with our partner Protium to help the industry transition to zero-emissions with our unique hydrogen-based heat and steam solution.”

About Jericho Energy Ventures

Jericho Energy Ventures (www.jerichoenergyventures.com) is focused on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems.

CONTACT:

Adam Rabiner
Director of IR
Jericho Energy Ventures
604.343.4534
[email protected]

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.The forward-looking information and forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

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

Investors with losses are encouraged to contact the firm before May 3, 2021; click


here


to submit trade information

LOS ANGELES, April 14, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Ontrak, Inc. (NASDAQ: OTRK) investors that acquired shares between November 5, 2020 and February 26, 2021. Investors have until May 3, 2021 to seek an active role in this litigation.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in this complaint that Ontrak failed to disclose that: (1) their largest customer evaluated Ontrak on a provider basis, valuing Ontrak’s performance based on achieving the lowest cost per medical visit instead of medical cost savings or clinical outcomes ; (2) Ontrak’s largest customer did not find their program to be effective and was reasonably likely to terminate its contract with Ontrak as a result; and (3) because this customer accounted for a significant portion of Ontrak’s revenue, losing this customer would have an outsized impact on Ontrak’s financial results.

Ontrak announced its preliminary financial results for fourth quarter and full year 2020 on March 1, 2021 and shared that, effective June 26, 2021, its largest customer had terminated its contract with Ontrak. Apparently, “the customer evaluated [Ontrak’s] performance based on [its] ability to achieve the lowest possible cost per medical visit, and not on [its] clinical outcomes data or medical cost savings, which were meaningful and significant.” Further, “the coaching model which Ontrak has pioneered for over a decade was seen by the customer as less relevant to their performance metrics.” Ontrak’s share price fell $27.32, or more than 46% to close at $31.62 per share on March 2, 2021, on this news.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com

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WASHINGTON, April 14, 2021 (GLOBE NEWSWIRE) — With U.S. vaccination rates rising quickly and the end of the pandemic in sight, equipment and software investment growth is expected to be robust this year as businesses invest to adapt to a post-pandemic normal. Annual equipment and software investment growth of 11.2 percent is forecast for 2021. Annual U.S. GDP growth for 2021 is forecast at 5.7 percent, according to the Q2 update to the 2021 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.

Scott Thacker, Foundation Chair and Chief Executive Officer of Ivory Consulting Corporation, said, “Finally, we are beginning to see the light at the end of the tunnel. The widespread availability of vaccinations offers hope that economic activity will soon return to pre-pandemic levels, or beyond. The robust stimulus efforts, along with trillions of dollars in pent-up demand, point to a wave of spending this summer and fall. All indicators point to 2021 being a banner year for equipment and software investment, and the equipment finance industry is poised to benefit from that expected economic activity.”

Highlights from the Q2 update to the 2021 Outlook include:

• The equipment and software investment growth forecast of 11.2 percent benefited from a 21 percent surge in Q4 2020, which provided a strong jumping-off point for 2021.
• The U.S. economy expanded at 4.3 percent (revised) annualized rate in Q4 2020 as the nation struggled with surging COVID-19 cases and deaths. Although the labor market recovery is still far from complete and the K-shaped recovery has left millions of consumers in a precarious position, the overall balance of risks is on the upside.
• The U.S. manufacturing sector continued to improve in early 2021 due to strong demand for both consumer and business goods. Underlying demand remains strong, although supply chain backlogs should be monitored and rising input prices could become an increasingly significant concern in the months ahead.
• Main Street managed to weather the winter months and the third wave of the pandemic, although not without significant difficulty. Further federal relief and stimulus efforts have played an outsized role in the survival and longer-term viability of many businesses. Warmer weather, rising vaccination rates, and the relaxation of pandemic-era operating restrictions offer hope that there are better days ahead.
• The Federal Reserve again confirmed its commitment to keeping interest rates at zero until at least 2023. The Fed also ended a pandemic-era capital requirement relief measure that could cause turmoil in bond markets.
• Headwinds to keep an eye on include the potential for higher inflation, the ongoing labor market recovery, and the emergence of new virus strains that could reduce the effectiveness of existing vaccines.

The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is released in conjunction with the Economic Outlook, tracks 12 equipment and software investment verticals. In addition, the Momentum Monitor Sector Matrix provides a customized data visualization of current values of each of the 12 verticals based on recent momentum and historical strength. Nine verticals are showing signs of accelerating investment after the pandemic-fueled collapse, and three other verticals are showing signs of peaking, although investment growth should remain healthy in the near term. Over the next three to six months, year over year:

• Agriculture machinery investment growth should remain robust.
• Construction machinery investment growth could return to positive territory, though recent movement suggests that upside potential is limited.
• Materials handling equipment investment growth should remain in positive territory.
• All other industrial equipment investment growth should return to positive territory.
• Medical equipment investment growth should be strong.
• Mining and oilfield machinery investment growth appears to have bottomed out and should improve despite this month’s decline.
• Aircraft investment growth should continue to improve.
• Ships and boats investment growth should be modest.
• Railroad equipment investment growth should return to positive territory.
• Trucks investment growth should return to positive territory.
• Computers investment growth should remain strong.
• Software investment growth should accelerate.

The full report of the Momentum Monitor is now available at https://www.leasefoundation.org/industry-resources/momentum-monitor/.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The annual economic forecast provides the U.S. macroeconomic outlook, credit market conditions, and key economic indicators. The Q2 report is the first update to the 2021 Economic Outlook and will be followed by two more quarterly updates before the publication of the 2022 Economic Outlook in December.

Download the full report at https://www.leasefoundation.org/industry-resources/u-s-economic-outlook/. All Foundation studies are available for free download from the Foundation’s online library at http://store.leasefoundation.org/.

JOIN THE CONVERSATION
Twitter: https://twitter.com/LeaseFoundation
Facebook: https://www.facebook.com/LeaseFoundation
LinkedIn: https://www.linkedin.com/company/10989281/
Vimeo: https://vimeo.com/elffchannel

ABOUT THE FOUNDATION

The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that propels the equipment finance sector—and its people—forward through industry-specific knowledge, intelligence, and programs that contribute to industry innovation, individual careers, and the overall betterment of the equipment leasing and finance industry. The Foundation is funded through individual and corporate donations. Learn more at www.leasefoundation.org.

Media Contact:
Kelli Nienaber
202-238-3429
[email protected]

Investors with losses are encouraged to contact the firm before May 18, 2021; click


here


to submit trade information

LOS ANGELES, April 14, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Root, Inc. (NASDAQ: ROOT) investors that acquired shares between October 28, 2020 and March 8, 2021. Investors have until May 18, 2021 to seek an active role in this litigation.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in this complaint that Root made misleading and false statements to the market. For years following its IPO, it was likely that Root would fail to generate positive cash flow, and Root was likely to require injections of cash to fund its operations as a result. Root touted its data-driven advantages in the marketplace, even though it’s established industry competitors had already developed superior technology, resulting in a competitive advantage over Root. Root’s offering documents and public statements during the IPO and class period were materially misleading and false based on these facts. Investors suffered damages when the market learned the truth about Root.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 18, 2021.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com

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Investors with losses of over $100,000 are encouraged to contact the firm before April 19, 2021; click


here


to submit trade information

LOS ANGELES, April 14, 2021 (GLOBE NEWSWIRE) — ​The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of FuboTV, Inc. (NYSE: FUBO) investors that acquired shares between March 23, 2020 and January 4, 2021. Investors have until April 19, 2021 to seek an active role in this litigation.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in this complaint that fuboTV Inc. made materially misleading and/or false statements and/or failed to disclose that: (i) Fubo’s offering of products was subject to cost escalations that were undisclosed; (ii) fuboTV could not successfully perform and compete as a sports book operator and was not able to capitalize on its sole sports wagering opportunity; (iii) fuboTV’s inventory and data was not differentiated to allow it to achieve long-term advertising growth forecasts and goals; (iv) fuboTV overstated it’s valuation in light of its total subscription and revenue levels; (v) the acquisition of Balto Sport did not provide the stated synergies and internal expertise, and did not expand the fuboTV’s addressable market into online sports wagering. FuboTV’s public statements were materially misleading and/or false at all relevant times, as a result.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 19, 2021.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com

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