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Lithe Audio Launches First WiSA Certified Dolby Atmos Ceiling Speakers

Lithe Audio Launches First WiSA Certified Dolby Atmos Ceiling Speakers

Lithe Audio Pro Series in-ceiling speakers expand any WiSA system to add height channels and a third dimension of sound

SAN JOSE, Calif.–(BUSINESS WIRE)–WiSA® LLC, founded by SummitWireless Technologies (NASDAQ: WISA), today announced the launch of Association member Lithe Audio’s WiSA Certified™Pro Series in-ceiling speaker. The Pro Series speaker, aimed firmly at the custom installation market and Atmos installations represents WiSA’s first certified speaker in the space and will be available in April 2021 and priced at £699.98.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005034/en/

(Photo: Business Wire)

(Photo: Business Wire)

The Lithe Audio Pro Series makes its performance and integration abilities possible by including the latest chip sets for PoE++ and the growing category of WiSA interoperability, ushering in a new era of convenience in creating Dolby Atmos home cinema systems when combined with speakers from WiSA member brands such as Bang and Olufsen, Harman Kardon and Savant. Requiring no speaker cables, only the provision of power, WiSA technology means a full Dolby Atmos system can be achieved quickly and conveniently when combined with Dolby Atmos decoding transmitters, like the new award winning WiSA SoundSend, opening the full immersive audio experience to more rooms and more customers. Already making waves, the Pro Series speaker was named a ‘Best New Hardware’ winner at the 2020 CEDIA awards.

“We have been building this product for two years, basing our approach on what has been successful with our other speakers and listening to the wants and needs of the custom installation community, which included bringing the wireless operability of WiSA technology into the fold,” said Amit Ravat, Co-Founder and Director of Lithe Audio. “Since attending numerous industry events, shows and CEDIA Tech Forums, we are confident that we created a product that delivers what the market is demanding, our most high performance and feature-rich creation yet.”

WiSA functionality allows for 24bits at 48kHz/96kHz, which is twice the quality of CD audio, less than 1/10th the latency of a Bluetooth audio device, meaning no visible lip sync, and automatically recognizes audio configurations from 2.0 to 7.1 to 5.1.2.

“We are thrilled about the launch of Lithe Audio’s Pro Series ceiling speaker as it welcomes a new standard of innovation for the custom install market with its WiSA Certification,” said Tony Ostrom, President of WiSA. “As the home entertainment category continues to become more advanced with great new product launches, we’re proud to stand behind Association members who prioritize quality and innovation.”

For more information on the Association and its WiSA Ready and WiSA Certified products, visit www.wisaassociation.org.

About Lithe Audio

Lithe Audio (www.litheaudio.com) is a UK based manufacturer that creates a range of high-quality installation products including integrated speakers, garden speakers and TV accessories such as wall mounts for commercial or residential applications. All Lithe Audio products are fully designed in-house by the same team behind the well-established Retrotouch brand (www.retrotouch.co.uk). Passionate about technology innovation, Lithe Audio consistently puts itself on the cutting edge of product development with fresh introductions built to meet the challenges encountered in real world use case scenarios.

About WiSA, LLC

WiSA®, the Wireless Speaker and Audio Association, is a consumer electronics consortium dedicated to creating interoperability standards utilized by leading brands and manufacturers to deliver immersive sound via intelligent devices. WiSA Certified™ components from any member brand can be combined to dramatically increase the enjoyment of movies and video, music, sports, gaming/esports, and more. WiSA also ensures robust, high definition, multi-channel, low latency audio while eliminating the complicated set-up of traditional audio systems. For more information about WiSA, please visit: www.wisaassociation.org.

About Summit Wireless Technologies, Inc.

Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung, LG Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry. Summit Wireless, formerly named Summit Semiconductor, Inc., is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. For more information about Summit Wireless Technologies, Inc., please visit: www.summitwireless.com.

* WiSA Ready TVs, gaming PCs and console systems are “ready” to transmit audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged in and a user interface is activated through an APP or product design like LG TVs.

© 2021 Summit Wireless Technologies, Inc. All rights reserved. Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc. The WiSA logo, WiSA®, WiSA Ready™, and WiSA Certified™ are trademarks and certification marks of WiSA, LLC. Third-party trade names, trademarks and product names are the intellectual property of their respective owners.

Sarah Cox, Dittoe PR for WiSA, 765.546.1036, [email protected]

Keith Washo, WiSA Association, 984.349.272, [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Hardware Audio/Video Consumer Electronics Mobile/Wireless Technology

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Enthusiast Gaming Signs Premium Content Partnership with ESPAT TV

Partnership to produce premium gaming and esports content leveraging Enthusiast Gaming’s content distribution capabilities, especially in streaming and social video, across integrated platform of digital assets

TORONTO, April 07, 2021 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX:EGLX) (OTCQB: ENGMF) (FSE:2AV), the largest gaming media platform in North America, reaching over 300 million monthly video game and esports fans worldwide, is pleased to announce it has signed an integrated and strategic partnership deal with ESPAT TV. ESPAT TV will leverage Enthusiast Gaming’s reach into the GenZ and Millennial demographics, utilizing the Company’s integrated platform of fan communities to engage with a wider audience.

Globally networked and inspired by gaming culture, design, creativity and storytelling, ESPAT TV’s Creative Collective, which consists of Ridley Scott Creative Group, Petrol, PRG, and Movers & Shakers, has produced work across the globe partnering with publishers, brands, live events, and advertising agencies alike.

“ESPAT TV is a strong producer of gaming and entertainment content across multiple distribution channels, and we are thrilled to enter into such a like-minded partnership that brings new storytelling possibilities to our platform of fan communities,”
commented Adrian Montgomery, CEO of Enthusiast Gaming.
“With the unique advantage provided by this Creative Collective, we aim to further the production of premium gaming content across social-video and entertainment platforms.”

“Partnering with Enthusiast Gaming is an amazing opportunity, and we are excited to produce cutting edge content. We share the same creative vision and always put the gaming community first. This partnership is about growth, aligning with the largest gaming community in North America. ESPAT TV team continues to exceed my expectations with their ability to develop stories and relationships. Our goal is to make the ESPAT TV name synonymous with first-class storytelling, entertainment, and narratives,”
said Dante Simpson, CEO of ESPAT TV.

“We’re thrilled to come together with Enthusiast Gaming to evolve the space and push the boundaries of what’s possible when it comes to world-class content across all streaming and social platforms,”
said RSA Films Director, Christian Lamb on behalf of ESPAT TV.

About Enthusiast Gaming

Enthusiast Gaming is building the world’s largest media platform of communities for gamers and esports fans that reaches over 300 million gaming enthusiasts on a monthly basis. Already the largest gaming platform in North America and the United Kingdom, the Company’s business is comprised of four main pillars: Esports, Content, Talent and Entertainment. Enthusiast Gaming’s esports division, Luminosity Gaming, is a leading global esports franchise that consists of 7 professional esports teams under ownership and management, including the Vancouver Titans Overwatch team and the Seattle Surge Call of Duty team. Enthusiast Gaming’s gaming content division includes 2 of the top 20 gaming media and entertainment video brands with BCC Gaming and Arcade Cloud, reaching more than 50MM unique viewers a month across 9 YouTube pages, 8 Snapchat shows and related Facebook, Instagram and TikTok accounts. Its 100 gaming-related websites including The Sims Resource, Destructoid, and The Escapist collectively generate approximately 1 billion page views monthly. Enthusiast Gaming’s talent division works with nearly 1,000 YouTube creators generating nearly 3 billion views a month working with leading gamer talent such as Pokimane, Flamingo, Anomaly, and The Sidemen. Enthusiast Gaming’s entertainment business includes Canada’s largest gaming expo, EGLX (eglx.com), and the largest mobile gaming event in Europe, Pocket Gamer Connects (pgconnects.com). For more information on the Company visit enthusiastgaming.com. For more information on Luminosity Gaming visit luminosity.gg.

About ESPAT TV

ESPAT TV is a full-service collaborative production house co-founded by Dante Simpson, Ed Brooks and Mario Prosperino, working with innovative partners and building loyal connections with Gaming publishers, tournament organizers, teams, brands and influencers to move the creative needle. ESPAT TV both creates memorable content and represents selected content for distribution. Focused on big ideas and platforms that create differentiation for gaming content, ESPAT TV’s sweet spot lies at the intersection of tactics that create consumer engagement and connectivity, though premium content. Comprising 5 premiere partners focusing on the following pillars: Creative Storytellers, Content, Innovation, Cultural Insights and Full-scale Production (Scripted, Non-Scripted, Live, Animation). ESPAT TV’s nimble operations are empowered to create and implement highly integrated content, campaigns, or serve as a consultant for precision execution.

Contacts

Investor Relations:
Eric Bernofsky, Chief Corporate Officer, Enthusiast Gaming
[email protected]   

Media Relations:
Carmela Antolino, Provident Communications
[email protected]
647-287-2286

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

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast Gaming anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking statements in this news release include but are not limited to statements relating to planned partnership activities of Enthusiast Gaming.

Forward-looking statements are based on assumptions, including expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; growth and growth rates; the success of the esports and gaming media industry; and the Company’s growth plan. While Enthusiast Gaming considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks related risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in Enthusiast Gaming’s public disclosure record filed under the Company’s profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of Enthusiast Gaming which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. Enthusiast Gaming disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.



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AECOM announces early results of cash tender offer for 5.875% senior notes due 2024

AECOM announces early results of cash tender offer for 5.875% senior notes due 2024

LOS ANGELES–(BUSINESS WIRE)–
AECOM (NYSE: ACM) (“we,” “us,” “our” or the “Company”), the world’s premier infrastructure consulting firm, today announced the results, as of 5:00 p.m., New York City time, on April 6, 2021 (the “Early Tender Deadline” or “Withdrawal Deadline”, as applicable), of its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $500 million aggregate purchase price (not including any accrued and unpaid interest, and as such amount may be increased or decreased by the Company, the “Aggregate Maximum Purchase Price”) of its outstanding 5.875% Senior Notes due 2024 (the “Notes”).

The terms and conditions of the Tender Offer and the Consent Solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated March 24, 2021 (the “Offer to Purchase and Consent Solicitation Statement”). The following table summarizes the material terms of the Tender Offer and the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline. We reserve the right, but are under no obligation, to increase or decrease the Aggregate Maximum Purchase Price at any time, in each case without extending the Early Tender Deadline, the Withdrawal Deadline or the Expiration Time (as defined below) for the Tender Offer or otherwise reinstating withdrawal or revocation rights of Holders (as defined below), subject to applicable law, which could result in us purchasing a greater or lesser amount of Notes in the Tender Offer. There can be no assurance that we will exercise our right to increase or decrease the Aggregate Maximum Purchase Price. If we increase or decrease the Aggregate Maximum Purchase Price, we do not expect to extend the Withdrawal Deadline, subject to applicable law.

Title

of

Notes

CUSIP

Number

Aggregate

Principal

Amount

Outstanding

Aggregate

Principal

Amount

Tendered at the

Early Tender

Deadline

Early Tender

Payment (1)(2)

Tender Offer

Consideration (1)(3)

Total

Consideration(1)(3)

5.875% Senior Notes due 2024

00766TAD2

$797,252,000

$607,940,000

$30.00

$1,116.25

$1,146.25

(1)

Per $1,000 principal amount of Notes tendered and accepted for purchase.

(2)

Included in the Total Consideration for Notes tendered and accepted for purchase on or prior to the Early Tender Deadline.

(3)

Does not include accrued and unpaid interest from the last date on which interest has been paid to, but excluding, the Early Settlement Date (as defined below) or the Final Settlement Date (as defined below), as applicable, that will be paid on the Notes accepted for purchase.

The consummation of the Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase and Consent Solicitation Statement, including the Company entering into a new senior secured term loan credit facility on terms and conditions satisfactory to the Company, the net proceeds of which, together with cash on hand, are sufficient to fund the purchase of the Notes validly tendered and accepted for purchase.

Registered holders (each, a “Holder” and, collectively, the “Holders”) of all Notes validly tendered and accepted for purchase pursuant to the Tender Offer will receive accrued and unpaid interest on such Notes from the last date on which interest has been paid to, but excluding, the Early Settlement Date or the Final Settlement Date, as applicable. The Early Settlement Date is currently expected to be on or about April 13, 2021, unless extended or earlier terminated by us with respect to the Tender Offer in our sole discretion (the “Early Settlement Date”).

The Tender Offer and the Consent Solicitation will expire immediately after 11:59 p.m., New York City time, on April 20, 2021, unless extended or earlier terminated by the Company (the “Expiration Time”). Holders of Notes that are validly tendered on or prior to the Expiration Time and accepted for purchase by the Company pursuant to the Tender Offer will receive the Tender Offer Consideration set forth in the table above. No tenders submitted after the Expiration Time will be valid. The deadline for holders to validly withdraw tenders of Notes was 5:00 p.m., New York City time, on April 6, 2021. Accordingly, Notes tendered in the Tender Offer may no longer be withdrawn, except in certain limited circumstances where additional withdrawal or revocation rights are required by law.

In connection with the Tender Offer, the Company also announced the results of its previously announced solicitation of consents (the “Consents”) from holders of Notes (the “Consent Solicitation”) to proposed amendments to the indenture governing the Notes (the “Indenture”), providing for, among other things, the elimination of substantially all of the restrictive covenants and certain events of default under the Indenture with respect to the Notes and the modification of certain notice requirements for redemption of the Notes by the Company (the “Proposed Amendments”). In order for the Proposed Amendments to be adopted with respect to the Notes, Consents must be received in respect of at least a majority of the principal amount (the “Requisite Consents”) of the Notes then outstanding (excluding any Notes owned by the Company or its affiliates). As the Requisite Consents have been received, the Company has executed and delivered to the Trustee (as defined below) a supplemental indenture (the “Supplemental Indenture”) to the Indenture giving effect to the Proposed Amendments. The Supplemental Indenture became effective upon execution by the Company, the guarantors from time to time party to the Indenture and U.S. Bank National Association, as trustee (the “Trustee”) and the Proposed Amendments will become operative upon the Company accepting and making payment for all Notes tendered by the Early Settlement Date.

Subject to all conditions to the Tender Offer and the Consent Solicitation having been either satisfied or waived, the Company will purchase Notes that have been validly tendered (with Consents that have been validly delivered) and not validly withdrawn (or Consents revoked) after the Early Tender Deadline and on or prior to the Expiration Time, subject to the Aggregate Maximum Purchase Price. The Final Settlement Date (the “Final Settlement Date”) is expected to occur on April 22, 2021, two business days following the Expiration Time, assuming that the conditions to the Tender Offer and the Consent Solicitation are satisfied or waived.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

BofA Securities is the dealer manager (the “Dealer Manager”) in the Tender Offer and the Consent Solicitation. D.F. King & Co., Inc. has been retained to serve as the tender and information agent (the “Tender and Information Agent”) for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation should be directed to BofA Securities at (980) 388-3646 (all call) or [email protected]. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and other related materials should be directed to D.F. King & Co., Inc. at (800) 290-6426 (all call), (212) 232-3233 (Banks and Brokers) or at [email protected].

None of the Company, its board of directors, the Dealer Manager, the Tender and Information Agent, the Trustee under the Indenture, the Depository Trust Company nor any of their respective affiliates, makes any recommendation as to whether any Holder should tender or deliver, or refrain from tendering or delivering, any or all of such Holder’s Notes or the Consents, and none of the Company nor any of its affiliates has authorized any person to make any such recommendation. The Tender Offer and the Consent Solicitation are made only by the Offer to Purchase and Consent Solicitation Statement. The Tender Offer and the Consent Solicitation are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the securities, blue sky or other laws require the Tender Offer and the Consent Solicitation to be made by a licensed broker or dealer, the Tender Offer and the Consent Solicitation will be deemed to be made on behalf of the Company by the Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

About AECOM

AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension costs; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Investor Contact:

Will Gabrielski

Senior Vice President, Investor Relations

213.593.8208

[email protected]

Media Contact:

Brendan Ranson-Walsh

Vice President, Global Communications & Corporate Responsibility

213.996.2367

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Engineering Professional Services Manufacturing Finance

MEDIA:

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The GEO Group Suspends Quarterly Dividend to Maximize Repayment of Debt While It Evaluates Corporate Structure

The GEO Group Suspends Quarterly Dividend to Maximize Repayment of Debt While It Evaluates Corporate Structure

BOCA RATON, Fla.–(BUSINESS WIRE)–The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today that its Board of Directors (the “Board”) has immediately suspended GEO’s quarterly dividend payments with the goal of maximizing the use of cash flows to repay debt, deleverage, and internally fund growth. GEO currently intends to maintain its corporate tax structure as a Real Estate Investment Trust (“REIT”), but the Board has determined to undertake an evaluation of GEO’s structure as a REIT.

The Board’s evaluation of the current corporate tax structure and GEO’s REIT status is expected to take into consideration, among other factors, potential changes to GEO’s financial operating performance, as well as, potential changes to the Internal Revenue Code of 1986, as amended (the “Code”) applicable to U.S. corporations and REITs. The Board expects to conclude its evaluation in the fourth quarter of 2021, and should the Board determine not to change its current intent to maintain GEO’s REIT status, an additional dividend payment may be required before year-end in order to meet the minimum REIT distribution requirements under the Code.

As of March 31, 2021, GEO had $291 million in cash on hand and approximately $209 million in borrowing capacity available under GEO’s revolving credit facility, in addition to an accordion feature of $450 million under GEO’s senior credit facility. GEO has cancelled approximately $35 million in capital expenditures previously planned for 2021 and has set a goal of repaying a minimum of $125-$150 million in net debt during 2021.

About The GEO Group

The GEO Group (NYSE: GEO) is a fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs. GEO’s worldwide operations include the ownership and/or management of 116 facilities totaling approximately 92,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 21,000 professionals.

Safe-Harbor Statement

This press release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially affect actual results, including statements regarding the Board’s decision to immediately suspend GEO’s quarterly dividend payments with the goal of maximizing the use of cash flows to repay debt, deleverage, and internally fund growth, while the Board evaluates GEO’s current corporate tax structure and REIT status. Risks and uncertainties that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to: (1) the Board’s ability to evaluate and conclude its evaluation regarding GEO’s corporate tax structure and REIT status by the fourth quarter of 2021; (2) GEO’s ability to cancel capital expenditures previously planned for 2021 and meet its debt repayment goal for 2021; (3) the timing and scope of potential changes to the Code applicable to U.S. corporations and REITs; (4) changes in federal and state government policy, orders, directives, legislation and regulations that affect public-private partnerships with respect to secure, correctional and detention facilities, processing centers and reentry centers, including the timing and scope of implementation of President Biden’s Executive Order directing the U.S. Attorney General not to renew the U.S. Department of Justice contracts with privately operated criminal detention facilities; (5) changes in federal immigration policy; (6) public and political opposition to the use of public-private partnerships with respect to secure correctional and detention facilities, processing centers and reentry centers; (7) the magnitude, severity, and duration of the current COVID-19 global pandemic, its impact on GEO and GEO’s ability to mitigate the risks associated with COVID-19; (8) GEO’s ability to sustain or improve company-wide occupancy rates at its facilities in light of the COVID-19 global pandemic and policy and contract announcements impacting GEO’s federal facilities in the United States; (9) fluctuations in our operating results, including as a result of contract terminations, contract renegotiations, changes in occupancy levels and increases in our operating costs, (10) general economic and market conditions, including changes to governmental budgets and its impact on new contract terms, contract renewals, renegotiations, per diem rates, fixed payment provisions, and occupancy levels (11) GEO’s ability to timely open facilities as planned, profitably manage such facilities and successfully integrate such facilities into GEO’s operations without substantial costs; (12) GEO’s ability to win management contracts for which it has submitted proposals and to retain existing management contracts; (13) risks associated with GEO’s ability to control operating costs associated with contract start-ups; (14) GEO’s ability to successfully pursue growth and continue to create shareholder value; (15) GEO’s ability to obtain financing or access the capital markets in the future on acceptable terms or at all; (16) GEO’s ability to remain qualified as a REIT, including its ability to declare future dividend payments, should the Board determine not to change its current intent to maintain GEO’s REIT status; and (17) other factors contained in GEO’s Securities and Exchange Commission periodic filings, including its Form 10-K, 10-Q and 8-K reports.

Pablo E. Paez (866) 301 4436

Executive Vice President, Corporate Relations

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Public Policy/Government Law Enforcement/Emergency Services Defense Other Construction & Property Construction & Property REIT Other Defense

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Fluor’s Stork Awarded Inspection, Surveillance and Quality Assurance Services Contract by Babcock International Group

Fluor’s Stork Awarded Inspection, Surveillance and Quality Assurance Services Contract by Babcock International Group

IRVING, Texas & ABERDEEN, Scotland–(BUSINESS WIRE)–Fluor Corporation(NYSE: FLR) announced today that Stork, a Fluor company, was awarded a 2-year contract for inspections, surveillance and quality assurance services by Babcock International Group, covering various vendor sites in the United Kingdom, including Babcock’s Rosyth site, as well as other global locations. Fluor booked the contract value in the first quarter of 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005178/en/

Stork wins 2-year contract with Babcock International Group. (Photo: Business Wire)

Stork wins 2-year contract with Babcock International Group. (Photo: Business Wire)

“Babcock is a trusted partner to highly regulated markets, delivering vital services and managing complex assets in the UK and internationally,” said Taco de Haan, president of Stork.

“Babcock’s Rosyth site is one of the largest waterside manufacturing and repair facilities in the UK. This new specialist services contract award truly demonstrates Stork’s expanding footprint into new onshore markets as well as the company’s proven capabilities to deliver value-added solutions to clients.”

“Stork looks forward to strengthening its relationship with Babcock International Group and welcomes this partnership opportunity by helping to provide high standards of operational excellence,” de Haan said.

Over the next two years, Stork will provide independent third-party inspection, surveillance and quality assurance services to assist Babcock International Group in complying with regulatory and legal requirements for the quality standards of the company’s products and services.

Stork’s UK office in Aberdeen will lead the work, in addition to assistance from its global network of industry experts. The project began in January 2021.

About Stork

Stork, a Fluor company, continually improves the performance of its clients’ assets through a wide range of integrated, innovative and data-driven solutions, from operations and maintenance to turnarounds and modifications. We are committed to growing our clients’ business sustainably and successfully by setting new standards of excellence in asset management. Underpinned with our core values—Safety, Integrity, Teamwork, Client Focus and Excellence—we aim to be the industry reference, every day, everywhere. For more information, please visit www.stork.com or follow us on Twitter @StorkTS, LinkedIn.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.7 billion in 2020 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#stork

Brian Mershon

Media Relations

469.398.7621

Jason Landkamer

Investor Relations

469.398.7222

Beatrijs van de Ven

Stork Media Relations

+316.515.66.513

KEYWORDS: Texas Europe United States United Kingdom North America

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VERDE ANNOUNCES CHAIRMAN, INDEPENDENT LEAD DIRECTOR AND COMPOSITION OF BOARD COMMITTEES

VERDE ANNOUNCES CHAIRMAN, INDEPENDENT LEAD DIRECTOR AND COMPOSITION OF BOARD COMMITTEES

BELO HORIZONTE, Brazil–(BUSINESS WIRE)–Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to announce that Cristiano Veloso has been appointed Chairman of the Board of Directors (the “Board”) and that Michael St Aldwyn has been appointed Lead Independent Director of the Board.

Mr. Veloso, Verde’s Founder, President and Chief Executive Officer, will serve as the Chairman of the Board. The Board is composed of five independent directors and Mr. Veloso as sole executive director. The position of Chairman had been vacant since December 2013.

“Mr. Veloso has been essential in bringing the Company to its current stage of production and potential expansion, thanks to his vision, competence, and in depth understanding of the agricultural market and mining sector. This was clearly witnessed when Mr Veloso successfully reinvented the Company twice when it faced some of the world’s worst recent crises, both times at a significant financial and personal sacrifice in favour of the Company and its shareholders. Therefore, it stood to reason that all five independent directors would unanimously select Mr. Veloso to serve as Chairman. On a personal note, over my 40 years career, seldom have I witnessed this level of leadership and accomplishment demonstrated by Mr. Veloso when faced with economic adversities.” said Michael St Aldwyn, Lead Independent Director.

Appointment of Lead Independent Director

Michael St Aldwyn was unanimously elected by all other four independent directors to serve as Lead Independent Director. He was selected based on the exceptional breadth of his professional and corporate governance experience, as well as his strong connections in global investment markets and his long success record in Latin America and Brazil. Mr. St Aldwyn has served as a Director on Verde’s Board since 2018.

As Lead Independent Director, Mr. St Aldwyn will assume the duties and responsibilities of that position, appraising the performance of the Board Chair, serving as an intermediary between the Chair, the Board and Verde’s stakeholders. Mr. St. Aldwyn will also oversee the best practices of corporate governance at the corporate and Board level.” I gracefully accept the choice of my fellow independent directors to serve as Lead. I look forward to representing the interests of all stakeholders as our Company moves forward at an ever-accelerating pace”, said Mr. St Aldwyn.

Mr. St Aldwyn worked in Brazil from 1973-1979. Between 1979-1989, he was responsible for Latin American markets when at the New York office of ED&F Man and moving to London from 1989-1994 still with ED&F Man, an agricultural commodities trader with over 7,000 staff spread across 60 countries started in 1783. Mr. St Aldwyn then established his own company, 1994-2010, dedicated to the promotion of hedge funds. He also served as Chairman of the Anglo Brazilian Society from 1996-2002 and as a Director of BlackRock Latin American Investment Trust from 1996-2017. He is currently Chairman of Itacaré Capital Investment Ltd. He is fluent in Portuguese and in 2017 he completed a master’s degree at King’s College London in “Brazil in Global Perspective”.

Mr. Veloso, President and CEO, commented: “On behalf of management and our shareholders, I congratulate the Board on its excellent choice of Mr. St. Aldwyn as Verde’s Lead Independent Director. In this position he will add even further oversight and efficiency to corporate strategy and governance. As for my election as Chairman, it is an honour to continue to serve the Company and its Board in this position. Though it will not carry any added voting power nor remuneration of any sort, I will apply all my competence and best efforts to serve as Chairman and sole member of Verde’s management on its Board.”

Composition of the Board Committees

The Company announces that the Board has updated the composition of the Audit, Compensation, and Corporate Governance and Nominating committees that, in observing the best practices of corporate governance, are solely comprised of independent directors.

The following independent directors have been appointed to the respective Board Committees:

Audit Committee

  • Renato Gomes (Chairman)
  • Getúlio Fonseca
  • Michael St Aldwyn

Compensation Committee

  • Getúlio Fonseca (Chairman)
  • Renato Gomes
  • Michael St Aldwyn

Corporate Governance and Nominating Committee

  • Michael St Aldwyn (Chairman)
  • Renato Gomes
  • Paulo Sérgio Machado

Composition of the Board of Directors

The Board consists of six members and is committed to applying a robust corporate governance framework, drawing on its collective experience stewarding successful businesses in Brazil and internationally. The Board members are Cristiano Veloso (Chairman), Alysson Paolinelli, Getúlio Fonseca, Michael St Aldwyn, Paulo Sérgio Machado and Renato Gomes.

Cristiano Veloso

Mr. Veloso earned a certificate in Sustainable Business Strategy from Harvard Business School (USA), he holds a Master’s Degree from the University of East Anglia (UK) and a Bachelor of Laws Degree from the Federal University of Minas Gerais (Brazil). Cristiano has nearly two decades of experience and knowledge in the agricultural and mineral sectors. Cristiano leads Verde as an innovative company which seeks to revolutionize global production of food through sustainable technologies.

Alysson Paolinelli

Mr. Paolinelli is the President of the Brazilian Association of Corn Producers (“Abramilho”). Mr. Paolinelli held positions such as the Brazilian Minister of Agriculture, President of the National Confederation of Agriculture, President of Minas Gerais State Bank, Congressman, Secretary of Agriculture for Minas Gerais State, and Professor and Dean of Lavras University. In 2006 he was awarded the World Food Prize. Mr. Paolinelli has been nominated for the 2021 Nobel Peace Prize.

Getúlio Lamartine Fonseca

Mr. Fonseca is a senior economist with over 40 years of government and consulting experience in the Brazilian resource, electrical and power generation sectors. Since 1990, Mr. Fonseca has been employed by GL Consultoria Ltda. as a consultant to the Brazilian resource, electric and power generation industries. In that role, Mr. Fonseca has assisted businesses such as Bank of Montréal, Samarco Mineração S.A., Klabin S.A., Alcoa Inc., KLM Aerocarto B.V., Construtora Norberto Odebrecht S.A., Acesita S.A. and Dow Corning Corporation with major projects in Brazil.

Michael St Aldwyn

Mr. St Aldwyn worked in Brazil from 1973-1979. Between 1979-1989, he was responsible for Latin American markets when at the New York office of ED&F Man and moving to London from 1989-1994 still with ED&F Man, an agricultural commodities trader with over 7,000 staff spread across 60 countries started in 1783. Mr. St Aldwyn then established his own company, 1994-2010, dedicated to the promotion of hedge funds. He also served as Chairman of the Anglo Brazilian Society from 1996-2002 and as a Director of BlackRock Latin American Investment Trust from 1996-2017. He is currently Chairman of Itacaré Capital Investment Ltd. He is fluent in Portuguese and in 2017 he completed a master’s degree at King’s College London in “Brazil in Global Perspective”.

Paulo Sergio Ribeiro Machado

Mr. Machado was a former executive at Vale and has spent his career developing and operating large mining projects. From 1988 to 2002, Mr. Machado was the General Manager of Vale’s Igarapé Bahia Gold Mine, at the time the largest gold producer in Latin America, where he was responsible for implementation, operation and decommissioning. Between 2002 and 2006 Mr. Machado was the Director for all iron ore mines in the central region of Minas Gerais state, overseeing management and operations of mining activities, plants and railway terminals. Mr. Machado was also a director of CEMIG, one of the largest power generators and distributors in Brazil and Subsecretary of Mines and Energy for Minas Gerais state from 2007 to 2014.

Renato Gomes

Mr. Gomes is co-Founder & President of Pix Force, ranked as Brazil’s number one artificial intelligence startup, He is also co-Founder and a Board Director of Graphite Company of the Americas, which is developing a graphite mine and processing plant in Brazil. Mr. Gomes holds a degree in electronics and a law degree both from the Federal University of Minas Gerais (Brazil), a master’s degree from the London School of Economics (U.K.) and a doctorate from Georgetown University (U.S.A.). Mr Gomes is a qualified solicitor in New York, Portugal and Brazil.

Anywhere office policy

Since March 2020, in light of the impending Covid pandemic, all of the Company’s employees that are not directly required for mining and production have been working under an anywhere office policy. The experience has been a success, with average productivity unperturbed by the arrangement and high overall employee satisfaction and engagement. Verde still maintains its physical office, which employees can use at their convenience. Considering this positive experience, the Company has decided to make the shift permanent.

Moreover, with the adoption of the anywhere office policy, the Company has been able to recruit talent from all over Brazil, today already represented by professionals based in over 40 different cities. To maximize its hiring policy, Verde has adopted artificial intelligence based psychological appraisal of candidates to ensure that new professionals are working in the best position for their personality, experience and motivation.

“The long-term commitment to an anywhere office policy has allowed Verde to attract unimaginable talent to the Company and to be competitive when attracting new talent that would usually have favoured other companies. The result was the independent award of Great Place to Work and triple digit growth in the workforce in 2020, both strong endorsements to this work policy. On a personal note, at all levels we can see benefits, in my case, for example, the anywhere policy has allowed me to carry out in day as many video conference calls with customers that it would have taken me a week to meet in person. Declared, President and CEO, Cristiano Veloso.

The anywhere office policy has been implemented across the Company, allowing employees work remotely from anywhere across the globe during the pandemic, but also in a post-Covid scenario.

Investors Newsletter

Subscribe to receive the Company’s monthly updates at: http://cloud.marketing.verde.ag/InvestorsSubscription

The last edition of the newsletter can be accessed at: http://bit.ly/InvestorsNL-February2021

Q4 and FY 2020 Results Conference Call

The Company will host a conference call today, Wednesday, April 7, 2021 at 11:00 pm Eastern Daylight Time (4:00 pm British Summer Time), to discuss Q4 and FY 2020 results and provide an update. Subscribe using the link below and receive the conference details by email.

Date:

Wednesday, April 7, 2021

Time:

11:00 am Eastern Daylight Time (4:00 pm British Summer Time)

Subscription link:

http://bit.ly/VerdeAgriTech–Q4-FY-2020

The Company’s full year and fourth quarter financial statements and related notes for the period ended December 31, 2020 are available to the public on SEDAR at www.sedar.com and the Company’s website at www.investor.verde.ag/.

About Verde AgriTech

Verde AgriTech promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in the heart of Brazil’s largest agricultural market, is the source of a potassium-rich deposit from which the Company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.

Cautionary Language and Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.

www.investor.verde.ag | www.supergreensand.com | www.verde.ag

Cristiano Veloso, President & Chief Executive Officer

Tel: +55 (31) 3245 0205; Email: [email protected]

KEYWORDS: South America Brazil

INDUSTRY KEYWORDS: Mining/Minerals Technology Environment Other Technology Agriculture Natural Resources

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Velodyne Expert Discusses How Lidar Simulations Advance Automated Driving Solutions Testing at NVIDIA GTC 2021 Global Event

Velodyne Expert Discusses How Lidar Simulations Advance Automated Driving Solutions Testing at NVIDIA GTC 2021 Global Event

Andrei Claudiu Cosma Highlights Essential Role of Lidar Simulations in Development and Validation of ADAS and AVs

SAN JOSE, Calif.–(BUSINESS WIRE)–
Simulations have an important role in developing and testing advanced driver assistance systems (ADAS) and autonomous vehicle (AV) capabilities. Andrei Claudiu Cosma, PhD, Autonomous Solutions Manager at Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW), will discuss how developers can use lidar simulation to replicate real-world driving scenarios to validate the safety and reliability of ADAS and AV solutions during NVIDIA’s annual GPU Technology Conference, GTC 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005209/en/

Andrei Claudiu Cosma of Velodyne Lidar will discuss how developers can use lidar simulation in ADAS and AV solutions during NVIDIA’s annual GPU Technology Conference, GTC 2021. (Photo: Velodyne Lidar)

Andrei Claudiu Cosma of Velodyne Lidar will discuss how developers can use lidar simulation in ADAS and AV solutions during NVIDIA’s annual GPU Technology Conference, GTC 2021. (Photo: Velodyne Lidar)

The session, called “Lidar-Centric Machine Learning – A Simulator Driven Approach to Model Training, Testing and Validation,” takes place on April 10, 2021 at 10:00 a.m. PDT. Register for free to attend the session at https://gtc21.event.nvidia.com/.

Attendees of the session can learn:

  • The key characteristics of lidar simulation that improve the authenticity of the generated lidar point cloud. This is extremely important to ensure successful use of the simulated model in the real world.
  • The benefits and drawbacks of using real and simulated datasets. These tips can guide developers in making informed decisions when selecting data for their next models to train.
  • How using simulated lidar data can help identify object classes with unique lidar signature.

Lidar simulations support faster system development and deployment by providing a virtual environment to test automated driving capabilities in a variety of roadway, weather and lighting conditions. They allow testing of extreme scenarios including corner and edge cases, and potential hazards like emergency braking and obstacle avoidance.

Velodyne’s lidar sensors provide real-time perception data that enables safe navigation and reliable operation for autonomous driving and advanced vehicle safety in urban and highway environments. Velodyne has a diverse product portfolio with sensors that provide surround view, directional, long- and close-range capabilities.

The Automated with Velodyne program includes a number of companies that offer simulation solutions optimized for testing Velodyne’s lidar sensors in ADAS and AV applications. The combination of Velodyne’s high-performance sensors and simulation software enables developers to test and validate solutions in a massively scalable variety of conditions before they reach the road.

“Limited access to training and testing data slows down research and innovation. However, with advances in hardware accelerators, such as GPUs, and development of simulation technologies, new techniques are being developed to generate or augment training data sets. Our GTC session will discuss how a simulator-driven approach can offset limited real data availability to improve development speed and model quality. It will show how this method can reduce costs and enable an improved testing and validation process for a safe deployment,” said Cosma.

GTC, taking place online April 12 – 16, is a global conference series focused on AI, data center, graphics, accelerated computing, automotive, intelligent networking and more.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the first public pure-play lidar company and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAV), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

Forward Looking Statements

This press release contains “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 including, without limitation, all statements other than historical fact and include, without limitation, statements regarding Velodyne’s target markets, new products, development efforts, competition. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “can,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Velodyne’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include changes in laws, regulations or judicial interpretations to which Velodyne or its customers are subject; the uncertain impact of the COVID-19 pandemic on Velodyne’s and its customers’ businesses; Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to commercialize their products and the ultimate market acceptance of these products; uncertainties related to Velodyne’s estimates of the size of the markets for its products; uncertainties regarding government regulation and adoption of lidar for pedestrian safety, traffic congestion and smart city applications; the rate and degree of market acceptance of Velodyne’s products; the success of other competing lidar and sensor-related products and services that exist or may become available; Velodyne’s ability to identify and integrate acquisitions; uncertainties related to Velodyne’s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general economic and market conditions impacting demand for Velodyne’s products and services. Velodyne undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations

[email protected]

Media

Landis Communications Inc.

Sean Dowdall

(415) 286-7121

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology General Automotive Hardware Automotive

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Andrei Claudiu Cosma of Velodyne Lidar will discuss how developers can use lidar simulation in ADAS and AV solutions during NVIDIA’s annual GPU Technology Conference, GTC 2021. (Photo: Velodyne Lidar)
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Summit Midstream Partners, LP Announces Extension of Expiration Date in Series A Preferred Unit Exchange Offer

PR Newswire

HOUSTON, April 7, 2021 /PRNewswire/ — Summit Midstream Partners, LP (NYSE: SMLP) (the “Partnership”) announced today that it has amended its offer to exchange (the “Exchange Offer”) its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the “Series A Preferred Units”) tendered in the Exchange Offer for up to 2,400,000 newly issued common units representing limited partner interests in the Partnership (the “Common Units”). The Partnership has extended the expiration date of the Exchange Offer to 11:59 p.m., New York City time, on April 13, 2021 (the “Expiration Date”), unless further extended. The Partnership will issue Common Units in exchange for Series A Preferred Units that are accepted for exchange promptly after the Expiration Date. As of 11:59 p.m., New York City time, on April 6, 2021, based on preliminary information provided by American Stock Transfer & Trust Company, LLC, the depositary for the Exchange Offer (the “Depositary”), 23,912 Series A Preferred Units were properly tendered (and not validly withdrawn) in the Exchange Offer. The Exchange Offer is still conditioned on, among other things, that holders of at least 15,000 Series A Preferred Units properly tender (and do not validly withdraw) their Series A Preferred Units prior to the expiration date of the Exchange Offer. There are no other material changes to the Exchange Offer.

The complete terms and conditions of the Exchange Offer are set forth in the Offer to Exchange and related Letter of Transmittal, as amended and supplemented, that are filed with the U.S. Securities and Exchange Commission (the “SEC”) under cover of Schedule TO. Copies of the Offer to Exchange and Letter of Transmittal may be found on the SEC’s website at www.sec.gov, the Partnership’s website at www.summitmidstream.com or may be obtained from the Information Agent, D.F. King & Co., Inc., at 800-967-5071 (toll free) for unitholders, 212-269-5550 for banks and brokers or [email protected]. The Depositary can be contacted at 877-248-6417 (toll free) or 718-921-8317.

THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL ANY SERIES A PREFERRED UNITS, NOR IS IT AN OFFER TO SELL OR A SOLICITATION TO BUY ANY COMMON UNITS. THIS PRESS RELEASE IS NOT A SOLICITATION FOR ACCEPTANCE OF THE EXCHANGE OFFER. THE PARTNERSHIP IS MAKING THE EXCHANGE OFFER ONLY BY, AND PURSUANT TO THE TERMS OF THE OFFER TO EXCHANGE, THE LETTER OF TRANSMITTAL AND OTHER RELATED DOCUMENTS FILED WITH THE SEC, AS AMENDED AND SUPPLEMENTED. THE EXCHANGE OFFER IS NOT BEING MADE IN ANY JURISDICTION IN WHICH THE MAKING OR ACCEPTANCE THEREOF WOULD NOT BE IN COMPLIANCE WITH THE SECURITIES, BLUE SKY OR OTHER LAWS OF SUCH JURISDICTION. NONE OF THE PARTNERSHIP, OUR GENERAL PARTNER, ITS BOARD OF DIRECTORS, OFFICERS OR EMPLOYEES, THE INFORMATION AGENT OR THE DEPOSITARY FOR THE EXCHANGE OFFER MAKES ANY RECOMMENDATION IN CONNECTION WITH THE EXCHANGE. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE IS UNLAWFUL.

About Summit Midstream Partners, LP

SMLP is a value-driven limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.  SMLP provides natural gas, crude oil and produced water gathering services pursuant to primarily long-term and fee-based gathering and processing agreements with customers and counterparties in six unconventional resource basins: (i) the Appalachian Basin, which includes the Utica and Marcellus shale formations in Ohio and West Virginia; (ii) the Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota; (iii) the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; (iv) the Permian Basin, which includes the Bone Spring and Wolfcamp formations in New Mexico; (v) the Fort Worth Basin, which includes the Barnett Shale formation in Texas; and (vi) the Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado.  SMLP has an equity investment in Double E Pipeline, LLC, which is developing natural gas transmission infrastructure that will provide transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas.  SMLP also has an equity investment in Ohio Gathering, which operates extensive natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio.  SMLP is headquartered in Houston, Texas.

Forward-Looking Statements

This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws, including, without limitation, information concerning completion of the Offer to Exchange, the terms and timing of the Offer to Exchange, and the impact of completion of the Offer to Exchange. The Partnership may modify the terms or timing of the Offer to Exchange with requisite notice.  Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements and may contain the words “expect,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “will be,” “will continue,” “will likely result,” and similar expressions, or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.”  Forward-looking statements also contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management’s control) that may cause SMLP’s actual results in future periods to differ materially from anticipated or projected results.  An extensive list of specific material risks and uncertainties affecting SMLP is contained in its 2020 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2021, as amended and updated from time to time. Any forward-looking statements in this press release, are made as of the date of this press release and SMLP undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.

 

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SOURCE Summit Midstream Partners, LP

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MGIC Investment Corporation Schedules 1st Quarter 2021 Earnings Call and Releases Monthly Operating Statistics

PR Newswire

MILWAUKEE, April 7, 2021 /PRNewswire/ — MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2021 financial results after the market closes on Wednesday May 5, 2021.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday May 6, 2021 to discuss the Company’s results for the quarter ended March 31, 2021.

Individuals interested in joining by telephone should dial 1-866-834-4126 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company’s investor website http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the company’s website through June 6, 2021.

The Company also today issued selected operating statistics of the primary mortgage insurance of its insurance subsidiaries for the month of March 2021. The summary is also available on the company’s investor website under Newsroom, Press Releases.

The information concerning new delinquency notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the accuracy of the data provided by servicers, the number of business days in a month, transfers of servicing between loan servicers, and whether all servicers have provided the reports in a given month.  Notices of delinquency are typically reported to us when loans are two payments past due (for example, for March we report as a new delinquency any delinquent loan that missed its February 1st (or earlier) payment that was not previously reported to us).  We expect the number of delinquencies will continue to be influenced by various factors related to the COVID-19 pandemic, including its length and severity, the length of time that measures intended to reduce its transmission remain in place, the resulting level of unemployment, the impact of various government initiatives to mitigate the resulting economic harm and efforts to reduce its transmission.

The information concerning the percentage of loans in forbearance is based on the most recent information provided by Fannie Mae and Freddie Mac (the GSEs), as well as loan servicers, and we believe substantially all reported forbearances are related to COVID-19.  While the forbearance information provided by the GSEs refers to delinquent loans in forbearance as of the prior month-end, the information provided by loan servicers may be more current.

January

February

March

Beginning Primary Delinquent Inventory (# of loans)

57,710

56,315

55,103

Plus: New Delinquency Notices

4,810

4,330

3,871

Less: Cures

6,094

5,446

6,088

Less: Paid Claims

108

95

109

Less: Rescissions and Denials

3

1

2

Ending Primary Delinquent Inventory (# of loans)

56,315

55,103

52,775

% of New Delinquency Notices in Forbearance

47%

46%

42%

% of Primary Delinquency Inventory in Forbearance

60%

61%

61%

About MGIC
Mortgage Guaranty Insurance Corporation (“MGIC”) (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC’s website for information related to underwriting and pricing, and intends to continue to do so in the future. Such postings include corrections of previous disclosures, and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward looking statements. Forward looking statements consist of statements which relate to matters other than historical fact, including matters that inherently refer to future events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. More information about the risks, uncertainties and assumptions affecting the company can be found in the risk factors included as Exhibit 99 to our Annual Report on Form 10-K for the year ended December 31, 2020, and in other filings we make with the Securities and Exchange Commission.  No investor should rely on the fact that such statements are current at any time other than the time at which this press release was issued.

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SOURCE MGIC Investment Corporation

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CNX Resources Corporation Announces First Quarter 2021 Financial Results and Conference Call Schedule

PR Newswire

PITTSBURGH, April 7, 2021 /PRNewswire/ — CNX Resources Corp. (NYSE: CNX) will announce its financial results for Q1 2021 at 6:45 a.m. Eastern Time on Thursday, April 29. At that time, CNX will issue a brief press release containing a link to presentation materials providing a Q1 2021 update, which will be available on CNX’s Investor Relations website. This release will be followed by a conference call and webcast.

Conference Call Information

  • CNX Resources (NYSE: CNX)
  • 10:00 a.m. ET: Thursday, April 29
  • Dial-In: 855-656-0928 (domestic) 412-902-4112 (international)
  • Reference “CNX Resources Call”
  • Webcast: investors.cnx.com

A replay of the conference call and webcast will be maintained on the Investor Relations page on CNX’s website.  

About CNX Resources
CNX Resources Corporation is one of the largest independent natural gas exploration, development, and production companies, with operations centered in the major shale formations of the Appalachian basin. The company deploys a strategy focused on responsibly developing its resource base. As of December 31, 2020, CNX had 9.55 trillion cubic feet equivalent of proved natural gas, natural gas liquids, condensate, and oil reserves. The company is a member of the Standard & Poor’s Midcap 400 Index. Additional information may be found at www.cnx.com.

 

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SOURCE CNX Resources Corporation