Market Newsdesk

UNION, N.J., March 31, 2021 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it will report its fiscal 2020 fourth quarter financial results before the opening of the market on Wednesday, April 14, 2021.  The Company will host a conference call at 8:00 a.m. EDT that day with institutional investors and analysts to provide an overview of the Company’s performance for the quarter.

Fiscal 2020 Fourth Quarter Conference Call and Investor Presentation
Bed Bath & Beyond Inc.’s fiscal 2020 fourth quarter conference call may be accessed by dialing 1-888-424-8151, or if international, 1-847-585-4422, and entering passcode ID number 9775756#.  A live audio webcast of the conference call, along with the sales and earnings press release and supplemental financial disclosures, will also be available on the Investor Relations section of our website at http://bedbathandbeyond.gcs-web.com/investor-relations.  The webcast will be available for replay after the call. 

JP Morgan’s Virtual 7^th Annual Retail Round-Up
The Company will be participating in the JP Morgan 7^th Annual Retail Round-Up which will be a virtual event this year. Mark Tritton, President and CEO of Bed Bath & Beyond Inc, and Gustavo Arnal, Chief Financial Officer & Treasurer are scheduled to participate in a fireside chat on Thursday, April 15, 2021 which will be broadcast live beginning at approximately 2:00 p.m. EDT. A webcast link to the presentation will be available on the Company’s Investor Relations website at http://bedbathandbeyond.gcs-web.com/events-and-presentations.

About the Company
Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, buybuybaby.com, buybuybaby.ca, harmondiscount.com, facevalues.com, and decorist.com.

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SOURCE Bed Bath & Beyond Inc.

DALLAS, March 31, 2021 /PRNewswire/ — COMSovereign Holding Corp. (NASDAQ: COMS) (“COMSovereign” or “Company”), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, today announced that it has executed an agreement to acquire RVision, Inc. (“RVision”), a developer of technologically advanced, environmentally hardened video and communications products and physical security solutions designed for government and private sector commercial industries.

Terms of the transaction include total consideration of approximately $5.58 million consisting exclusively of shares of restricted common stock. The transaction is expected to close within approximately 15 days subject to traditional closing conditions.

Transaction Highlights

• RVision has been serving the needs of governments and the military for nearly two decades with sophisticated, environmentally rugged optical and infrared cameras, hardened processors, custom tactical video hardware, software solutions, and related communications technologies.
• RVision also brings Nano-Defractive Optics with integrated, Ai-driven electro-optical sensors and communication network connectivity making it the ideal backbone for smart city/smart campus applications.
• RVision currently serves government and military customers in the U.S. and around the globe through multi-year contracts.

Smart Cities and Smart Campuses (educational and industrial) are urban areas designed to integrate advanced technologies including IoT (“Internet of Things”), AI (“Artificial Intelligence”), machine learning, Big Data, and sustainable or “green” energy systems to benefit and secure the daily lives of its residents. Around the world today, these technologies are being deployed to efficiently improve public services and safety through enhancements to everything from mass transportation and waste management to the real-time monitoring of environmental conditions including air and water quality. Critical to smart city initiatives is the ability to create and deploy energy-efficient, fully integrated, network-connected solutions such as smart cameras and sensor systems.

“RVision, under the leadership of its founder, Brian Kelly, has built a global network of premier customers across government and public sectors including the U.S. and foreign allied militaries, thanks to their focus on technical innovation in the areas of electro-optical sensors which can immediately benefit our aerial platform business. Furthermore, its unique products, combined with our advanced access and backhaul radio technologies, can play a vital role in bringing the vision of 5G-enabled Smart Cities and Campuses to reality,” said Dr. Dustin McIntire, CTO of COMSovereign.

RVision CEO Brian Kelly will remain in the leadership role at the company while also assuming the elected role of Executive Vice President of Business Development for COMSovereign. Mr. Kelly stated, “I am excited to become a part of COMSovereign, a company that has built an extremely robust product and technology portfolio and is led by a visionary team of professionals who all share a passion and vision for the future of communications.”

Dr. McIntire concluded, “Over his successful career of twenty-four years, Brian Kelly has been a visionary himself and a noted subject matter expert in the surveillance and physical security sector. He has led his team to meet sophisticated, physical security requirements for governmental and commercial customers while developing innovative imaging systems to solve some of the most challenging issues faced by the US Departments of Defense and Homeland Security, and foreign allied country Ministries of Defense.”

For more information about COMSovereign, please visit www.COMSovereign.com and connect with us on Facebook and Twitter.

About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G-NR telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com.

About RVision, Inc.
RVision develops and manufactures technologically advanced, environmentally hardened video products and physical security solutions for government and private sectors. Products incorporate both infrared and daylight optical dual sensors, scene awareness detection algorithms, and an all-weather, multiple-sensor surveillance platform with the ability to pan/tilt/zoom in all directions. RVision markets and integrates waterside, land-based, and mobile mounted security systems that meet the security requirements of facilities such as military bases, military and commercial ports, drilling rigs, power and petrochemical plants, airports, and water treatment facilities.

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “believe,” “expects,” “may,” “looks to,” “will,” “should,” “plan,” “intend,” “on condition,” “target,” “see,” “potential,” “estimates,” “preliminary,” or “anticipates” or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company’s facilities, customers, management, support staff, and professional advisors, and to develop and deliver advanced voice and data communications systems, demand for the Company’s products and services, economic conditions in the U.S. and worldwide, and the Company’s ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company’s results and forward-looking statements are disclosed in the Company’s filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:

Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
[email protected]

External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group – MZ North America
949-491-8235
[email protected]
www.mzgroup.us

and

Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
[email protected]

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SOURCE COMSovereign Holding Corp.

AUSTIN, Texas, March 31, 2021 /PRNewswire/ — One of the biggest pain points of cloud adoption is the cost and effort of migration. To ease the process, today’s launch of new Oracle Cloud Lift Services gives Oracle customers expanded access to technical tools and cloud engineering resources to quickly migrate workloads to Oracle Cloud Infrastructure (OCI). Oracle now offers these resources – at no additional cost – to all existing and new Oracle Cloud customers worldwide. 

“Our customers want a seamless path to the cloud with the right guidance, solution architecture, and hands-on help we can provide,” said Vinay Kumar, senior vice president, Oracle Cloud Infrastructure. “Oracle Cloud Lift Services is just one of several changes we are implementing to accelerate customer success on Oracle Cloud.”

Oracle’s new program provides a single point of contact for all technical delivery and removes critical expertise barriers for adoption of OCI services, speeding time to value and creating faster opportunities to innovate. With Oracle Cloud Lift Services, customers get access to Oracle cloud engineers and premier technical services that have accelerated migrations to OCI for enterprise customers including Seattle Sounders FC, Cargill and Rice University.  As part of the program, customers will have access to cloud engineering resources for activities ranging from performance analysis, application architecture, hands on migrations and go-live support. Oracle will work with customers until their workloads are in production and help train their staff on best practices so they have the expertise to run the environment moving forward.

Customers and partners are already seeing value in this new program and are getting through migrations faster, with more of their IT budget intact for more valuable operational services and major digital transformation projects.

“Oracle Cloud Lift Services together with Infosys Cobalt cloud offerings help our joint customers accelerate the work of migrating to the cloud and modernizing their landscape to drive faster business results. As a partner, we ensure client success through outcome-driven transformation programs that build differentiated capabilities to help our clients become resilient, agile and competitive,” said Gopikrishnan Konnanath, SVP & Service Offering Head, Oracle Services, Infosys.

Seattle Sounders FC, the American professional soccer club, has also realized benefits from Oracle Cloud Lift Services.

“We’ve been working very closely with Oracle Cloud Infrastructure to overhaul our data systems to enable us to build next-generation analytics tools. This keeps us ahead of the competition on and off the field. With Oracle Cloud Lift Services, we’re able to accelerate our migration to the cloud, providing us with valuable hands-on expertise from Oracle’s Cloud Engineering team,” said Ravi Ramineni, vice president, Soccer Analytics and Research, Seattle Sounders FC. 

Cargill is a leading global food corporation working alongside farmers, producers, manufacturers, retailers, governments and other organizations to nourish the world in a safe, responsible and sustainable way.

“At Cargill, we’re constantly looking for new ways to improve and expand our business. Oracle’s cloud architects took us from zero to production through the Oracle Cloud Lift Services work and made it a smooth transition to launch new Cargill services in their cloud all while maintaining a strong focus on security. Oracle Cloud Infrastructure offered us the performance and support we needed to get off the ground and into the cloud,” said Terence Schofield, Quantitative Trading Technology Director, Cargill.

Rice University uses Oracle Cloud Lift Services to help deploy Open Nebula on Oracle Cloud which involves technical work such as the deployment of large-scale Kubernetes clusters running on GPUs. This is one of the largest open-source projects the university IT team is involved in.

“We are delighted that this project with Oracle has enabled Oracle and Rice to contribute this resource back to the Open Nebula community. The close collaboration between Oracle technical experts and my team has provided learning opportunities and enabled us to explore new and innovative technical solutions,” said Klara Jelinkova, CIO, Rice University.

About Oracle
Oracle offers suites of integrated applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Additional Resources

• Learn more about Oracle Cloud Lift Services.
• Learn more about Oracle Cloud Infrastructure.

Trademarks
Oracle and Java are registered trademarks of Oracle Corporation.

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SOURCE Oracle

GUELPH, ON, March 31, 2021 /PRNewswire/ – BIOREM Inc. (TSXV: BRM) (“Biorem” or “the Company”) today announced its results for the three and twelve-month periods ended December 31, 2020. Biorem’s complete fiscal 2020 year-end financial statements and MD&A have been filed on SEDAR (www.sedar.com).

FINANCIAL HIGHLIGHTS:

 

TWELVE MONTHS ENDED DECEMBER 31, 2020

For the twelve months ended December 31, 2020 revenue totaled $24.3 million compared to $20.6 million for the same twelve months in 2019. Net earnings for the year were $2.1 million compared to a net loss of $1.3 million in 2019. Earnings per share for the year was $0.05 against a loss per share of $0.03 basic and fully diluted reported in 2019.

Revenues of $24.4 million for the year represented an 18.0% increase over revenues reported the previous year. The increase in revenue was largely the result of the increased order backlog of $31 million on January 1, 2020 compared to an order backlog of $21 million on January 1, 2019. Gross profit for the year was $7.1 million, a 44% increase from gross profit of $4.8 million recorded for the year-ended December 31, 2019.

Total operating expenses for the year were $4.3 million a $1.6 million decrease from operating expenses of $5.9 million reported in 2019. The decrease in operating expenses was largely the result of $1.7 million valuation allowance recorded against accounts receivable in China in 2019 compared to net valuation allowance of $300,000 recorded in 2020.

On December 31, 2020 the Company had cash on hand of $8.9 million and working capital of $10.5 million compared to $6.5 million and $8.6 million respectively in December 31, 2019. 

The Company has no long term debt.

Total order bookings for the year were $27 million, an 18% decrease in bookings over the $32.9 million booked in 2019. The Company’s order backlog stood at $31.0 million on December 31, 2020 unchanged from $31.0 million on December 31, 2019.

“Management looks forward to the next phase of the Corporation’s development” said Derek S. Webb, President and CEO.  “A strong backlog; healthy bidding activity and a number of exciting new products ready for market release provides us with the tools necessary to achieve growth in the coming years “

“The organization continues to carefully plan for customer and supply chain disruptions due to on-going pandemic restrictions.   While we expect some challenges with project delivery in 2021,   a number of new initiatives are underway with results expected to begin to be realized towards the end of the year.  All in all, a very exciting period for our company.”

Three Months ended December 31, 2020

Revenue in the fourth quarter of 2020 was $7.9 million compared to $3.6 million in the previous quarter and $4.4 million in the fourth quarter of 2019. The significant increase in the 2020 fourth quarter revenues compared to the previous quarters was largely due to differences in project delivery time lines in the quarters and to some project delivery delays in the prior quarters. Orders booked in the quarter totaled $5.1 million.

Gross profit of $3.7 million in the fourth quarter amounted to 46% of revenue, which was significantly higher than the 17.5 % gross profit margin in the previous quarter and the 27% achieved in the same quarter the prior year. The increased margin was the result of the higher revenues recorded in the quarter without any increase in engineering or project management overhead costs.

Total operating expenses (net of other income) for the quarter were $2.2 million a 24% decrease from the operating expenses of $2.9 million incurred during the fourth quarter of 2019. The comparative decrease from the fourth quarter a year ago was due to a $1.0 million reduction in valuation provisions recorded in the quarter offset by an increase in compensation and commission expenses.

Ebitda loss for the quarter was $1.6 million compared to ebitda loss of $2.0 million in the fourth quarter of 2019.

Net earnings for the quarter were $1.1 million compared to a net loss of $2.1 million in the fourth quarter of 2019.

About BIOREM Inc.

BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a worldwide sales representative network and more than 1,400 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.

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SOURCE Biorem Inc.

BEVERLY, Mass., March 31, 2021 /PRNewswire/ — Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of innovative, high-productivity solutions for the semiconductor industry, announced today that it has shipped multiple Purion VXE™ high energy systems to leading CMOS image sensor manufacturers. These shipments include a follow on order to the recently closed Purion VXE evaluation. The Purion VXE is an extended energy range solution for the industry leading Purion XE™ high energy implanter. The systems shipped in the first quarter.

President and CEO Mary Puma commented, “The image sensor market is forecast to show continued strength due to high demand for products in the growing IoT, mobile and automotive markets. The image sensor manufacturing process is very implant intensive, and with our expertise and knowledge in this area, our expanded Purion high energy product family is poised for further growth.”

Executive Vice President of Product Development, Bill Bintz, commented, “Axcelis has created a flexible, highly differentiated high energy product portfolio that is the implant solution of choice for image sensor manufacturers.  These shipments, combined with our recent Purion VXE evaluation closure and Purion XEmax evaluation shipments, enhance our leadership position in this market. The Purion VXE and Purion XEmax were designed specifically to address the exact needs of customers manufacturing image sensors for applications requiring ultra-high energy implants with extremely precise and deep doping profiles.”

The Purion High Energy Platform
The Purion High Energy Series includes a variety of implanters allowing customers to select the optimal energy level for their application: the industry leading Purion XE; the Purion EXE for enhanced productivity; the Purion VXE for high volume and higher energy applications; the Purion XE Power Series for power devices; and, the new Purion XEmax with patented Boost™ technology for metals reduction and the ultra-high energies required for next generation image sensors.  

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552

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SOURCE Axcelis Technologies, Inc.

LEAMINGTON, ON, March 31, 2021 /PRNewswire/ – Aphria Inc. (“Aphria” or the “Company“) (TSX: APHA) (Nasdaq: APHA), a leading global cannabis-lifestyle consumer packaged goods company, will release financial results for its third quarter ended February 28, 2021 on April 12, 2021 before market open.

Aphria executives will host a conference call to discuss these results at 9:00 am Eastern Time. To listen to the live call, dial (888) 231-8191 from Canada and the U.S. or (647) 427-7450 from International locations and use the passcode 6497567. A telephone replay will be available approximately two hours after the call concludes through May 12, 2021. To access the recording dial (855) 859-2056 and use the passcode 6497567.

There will also be a simultaneous, live webcast available on the Investors section of Aphria’s website at aphriainc.com. The webcast will be archived for 30 days.

We Have A Good Thing Growing

About Aphria Inc.
Aphria Inc. is a leading global cannabis-lifestyle consumer packaged goods company with operations in Canada, United States, Europe and Latin America, that is changing people’s lives for the better – one person at a time – by inspiring and empowering the worldwide community to live their very best life by providing them with products that meet the needs of their mind, body and soul and invoke a sense of wellbeing. Aphria’s mission is to be the trusted partner for its patients and consumers by providing them with a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. Headquartered in Leamington, Ontario, Aphria cultivates, processes, markets and sells medical and adult-use cannabis, cannabis-derived extracts and derivative cannabis products in Canada under the provisions of the Cannabis Act and globally pursuant to applicable international regulations. Aphria also manufactures, markets and sells alcoholic beverages in the United States. For more information, visit: aphriainc.com

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SOURCE Aphria Inc.

SANTA CLARA, Calif., March 31, 2021 /PRNewswire/ — Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced the Cloudera Data Platform (CDP) is now available on Google Cloud. CDP is a hybrid and multi-cloud data and analytics platform that offers unparalleled security and governance for the world’s largest enterprises. The addition of CDP for Google Cloud enables Cloudera to deliver on its promise to offer its enterprise data platform at global scale. Google Cloud is emerging as the public cloud of choice for a number of key enterprises and the availability of CDP on the platform will bring even more choice, capabilities, and scale to customers. 

Finding hidden patterns in data can mean the difference between being a market leader or falling behind. Businesses have too much data and not enough time to analyze it. To stay ahead of the competition, unlocking real-time insights from data is critical. CDP Data Hub on Google Cloud allows companies to get positive business results fast with instant access to quality data on a scalable, open source, enterprise data cloud platform. 

Cloudera Data Platform on Google Cloud uses Cloudera’s Shared Data Experience (SDX), to create secure data lakes in an organization’s Google Cloud account and provision analytic and machine learning services in minutes instead of weeks. It replaces tedious scripting with ‘set it and forget it’ convenience. With CDP on Google Cloud, companies can easily migrate existing data pipelines to Google Cloud or quickly set up new ones that can ingest data from a number of existing or new data sources. 

“We’ve seen enterprises increasingly prioritize portability across cloud providers and between the public cloud and the enterprise datacenter to maximize agility and avoid lock-in,” commented Dale Vile, CEO, Freeform Dynamics. “As such, Cloudera’s support for GCP, in addition to AWS, Azure and on-premises environments, is in tune with the kind of hybrid/multi-cloud strategy organizations are putting in place to allow flexible data utilization across their business.” 

“The pace of our digital transformation has accelerated exponentially this past year,” said Nico Wolf, Chapter Lead – Big Data Platform Engineering at Commerzbank. “Participating in an early test of Cloudera Data Platform on Google Cloud has been helpful in showing us how the combination of the two could deliver the speed and agility required by the business without compromising on data security or governance.”

“Fueled by our open source DNA, Cloudera helps companies make sense of every bit of data across hybrid, multi-cloud and on-premises architectures,” said Mick Hollison, President, Cloudera. “Cloudera helps the majority of the top 100 companies included in the Fortune 500 harness insights while enabling secure, centralized governance and compliance over the entire data lifecycle. We’re pleased to be bringing our expertise to Google Cloud.” 

“We are committed to delivering the technology and partnerships to support businesses’ data-driven digital transformations and to help them put data in the hands of every team,” said Sudhir Hasbe, Senior Director, Product Management at Google Cloud. “Bringing Cloudera to Google Cloud enables customers to rapidly deploy and manage its platform and applications at global scale.”

“Cloudera Data Platform on Google Cloud is an ideal first step for our joint customers to support hybrid cloud,” said Arun Murthy, Chief Product Officer, Cloudera. “Companies can run advanced analytics from our data lifecycle platform and easily extend or replicate the use cases on premises to Google Cloud.” 

Availability and Pricing
CDP Data Hub on Google Cloud will be generally available on March 31, 2021. For more information please visit Cloudera.com

About Cloudera
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world’s largest enterprises. Learn more at Cloudera.com.

Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

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SOURCE Cloudera, Inc.

RESTON, Va., March 31, 2021 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced it has been awarded a prime contract by the Naval Undersea Warfare Center (NUWC) – Newport Division to provide engineering, technical and management services for the Naval Array Technical Support Center. The single-award, indefinite delivery/indefinite quantity, cost-plus-fixed-fee / firm-fixed-price contract has a total estimated value of $149.2 million. Work will be performed primarily in Newport, Rhode Island.

“This award underscores our commitment to providing our customers with the solutions needed to address the current and emerging security threats in the undersea and maritime environment,” said Will Johnson, Leidos Senior Vice President, Logistics and Mission Support. “Leidos has supported the Naval Array Technical Support Center for more than 15 years. We are expanding our commitment by deploying new innovative technologies to sustain the Navy’s competitive advantage in undersea warfare.”

Through this contract, Leidos will perform tasks for the U.S. Navy’s Sensors and SONAR Systems Department. Leidos will be responsible for production engineering, technical and logistics support of the Navy and Foreign Military Sales’ towed array assets. Key services also include manufacturing, upgrading and troubleshooting towed array systems currently in service, as well as systems recently taken out of service and others that may enter the fleet.

The Naval Array Technical Support Center is the depot-level repair service for surface ships and submarine-towed sonar arrays. NUWC provides research, development, testing and evaluation, engineering, analysis, assessment and fleet support capabilities. These capabilities support submarines, autonomous underwater systems and both offensive and defensive weapons systems associated with undersea warfare.

About Leidos

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 39,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $12.30 billion for the fiscal year ended January 1, 2021. For more information, visit www.Leidos.com.

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended January 1, 2021, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

 

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SOURCE Leidos Holdings, Inc.

FRAMINGHAM, Mass., March 31, 2021 /PRNewswire/ — USR Parent, Inc. (“Staples”) today announced that, in light of the March 15, 2021 public announcement made by the Board of Directors of The ODP Corporation (NASDAQ: ODP) indicating that ODP would be open to the potential sale of certain of ODP’s assets, Staples will evaluate all alternatives in its pursuit of ODP, including, but not limited to, all of ODP or certain select assets, which may include ODP’s retail and consumer facing business, its business operations in Canada and certain other assets.  Accordingly, Staples has decided to defer the March 2021 launch of a tender offer for ODP’s common shares.  Staples reserves the right to commence a tender offer for ODP’s common shares in the future. 

Staples has previously filed Hart-Scott-Rodino and Canadian Competition Bureau notifications with respect to proposed Staples/ ODP business combination, and is continuing to work diligently with both the Federal Trade Commission and the Canadian Competition Bureau to obtain clearance for the proposed transaction as expeditiously as possible.

This communication does not constitute an offer to buy or solicitation of an offer to buy any securities. This communication relates to a proposal that Staples has made for a business combination transaction with The ODP Corporation. In furtherance of this proposal and subject to future developments, Staples may file one or more proxy statements, tender offer statements or other documents with the Securities and Exchange Commission.

This communication is not a substitute for any proxy statement, tender offer statement or other document Staples may file with the SEC in connection with the proposed transaction. This document shall not constitute the solicitation of an offer to buy any securities of ODP.

Contacts 

Steven Lipin/Patricia Figueroa, Gladstone Place Partners
212-230-5930

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SOURCE USR Parent, Inc.

THE WOODLANDS, Texas, March 31, 2021 /PRNewswire/ — Newpark Resources, Inc. (NYSE: NR) announced today that it will release its first quarter 2021 results on Tuesday, May 4, 2021 after the market closes.  In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Wednesday, May 5, 2021 at 10:00 a.m. Eastern / 9:00 a.m. Central. 

What:     Newpark Resources First Quarter 2021 Earnings Conference Call

When:    Wednesday, May 5, 2021 at 10:00 a.m. Eastern / 9:00 a.m. Central

How:      Live via phone – By dialing 412-902-0030 and asking for the Newpark Resources call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below.

Where:   www.newpark.com

For those who cannot listen to the live call, a replay will be available through May 12, 2021 and may be accessed by dialing 201-612-7415 and using pass code 13718258#.  Also, an archive of the webcast will be available shortly after the call at www.newpark.com for 90 days.

Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to a variety of industries, including oil and gas exploration, electrical transmission & distribution, pipeline, renewable energy, petrochemical, construction, and other industries. For more information, visit our website at www.newpark.com. 

 

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SOURCE Newpark Resources, Inc.