Kintara Therapeutics Appoints Tamara A. Seymour to Board of Directors

PR Newswire

SAN DIEGO, May 4, 2021 /PRNewswire/ — Kintara Therapeutics, Inc. (Nasdaq: KTRA) (“Kintara” or the “Company”), a biopharmaceutical company focused on the development of new solid tumor cancer therapies, today announced the appointment of Tamara A. Seymour to the Company’s Board of Directors replacing John Liatos, who will continue in his role as Kintara’s Senior Vice President of Business Development.

“We are delighted to welcome Tamara to the Board of Directors as she brings exceptional healthcare sector experience as an accomplished financial and operational executive,” commented Saiid Zarrabian, Kintara’s President and Chief Executive Officer. “Tamara’s insights and perspectives will be a valuable addition to the Board and the entire Company as we continue to advance our platform assets VAL-083 and REM-001. We wish to thank John for his service to the Board and are excited to continue working with him as the Company’s Senior VP of Business Development.”

Ms. Seymour is a corporate finance veteran with three decades of experience in the biotech and life sciences industries including 20 years as a chief financial officer. Her experience includes leading finance, investor relations, managed care and reimbursement, human resources, administration, and information technology. She has raised over $250 million in multiple private and public equity and debt financings, including spearheading an IPO.  She is a member of the Board of Directors and Audit Committee of Artelo Biosciences, Inc. (Nasdaq: ARTL), a clinical stage biopharmaceutical company in La Jolla, California, and a former Chief Financial Officer (CFO) at multiple private and public companies where she played an integral role in merger and acquisition activities.  Her recent CFO posts included serving as Interim CFO of Immunic, Inc., a clinical-stage drug development company, where she was instrumental in its transition from being a venture-backed private entity to a publicly-traded, post-merger company with Vital Therapies, Inc. During her illustrious career, Ms. Seymour has also served as CFO of Signal Genetics, Inc., a publicly-traded molecular diagnostics company and CFO of Favrille, Inc., a publicly-traded clinical-stage drug development company.  Ms. Seymour is a certified public accountant (inactive). She received an MBA, with an emphasis in finance, from Georgia State University and earned her bachelor’s degree in Business Administration, with an emphasis in accounting, from Valdosta State University.

ABOUT KINTARA

Located in San Diego, California, Kintara is dedicated to the development of novel cancer therapies for patients with unmet medical needs. Kintara is developing two late-stage, Phase 3-ready therapeutics for clear unmet medical needs with reduced risk development programs. The two programs are VAL-083 for glioblastoma multiforme (GBM) and REM-001 for cutaneous metastatic breast cancer (CMBC).

VAL-083 is a “first-in-class”, small-molecule chemotherapeutic with a novel mechanism of action that has demonstrated clinical activity against a range of cancers, including central nervous system, ovarian and other solid tumors (e.g., NSCLC, bladder cancer, head and neck) in U.S. clinical trials sponsored by the National Cancer Institute (NCI). Based on Kintara’s internal research programs and these prior NCI-sponsored clinical studies, Kintara is currently conducting clinical trials to support the development and commercialization of VAL-083 in GBM.

Kintara is also advancing its proprietary, late-stage photodynamic therapy platform that holds promise as a localized cutaneous, or visceral, tumor treatment as well as in other potential indications. REM-001 therapy, has been previously studied in four Phase 2/3 clinical trials in patients with CMBC, who had previously received chemotherapy and/or failed radiation therapy. With clinical efficacy to date of 80% complete responses of CMBC evaluable lesions, and with an existing robust safety database of approximately 1,100 patients across multiple indications, Kintara is advancing the REM-001 CMBC program to late-stage pivotal testing.

SAFE HARBOR STATEMENT

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the impact of the COVID-19 pandemic on the Company’s operations and clinical trials; the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended June 30, 2020, the Company’s Quarterly Reports on Form 10-Q, and the Company’s Current Reports on Form 8-K.

CONTACTS:

Investors:
CORE IR
516-222-2560
[email protected]

Media:

Jules Abraham

Director of Public Relations
CORE IR
917-885-7378
[email protected]

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SOURCE Kintara Therapeutics

ThermalPass Offers More Bang by the Bundle for Companies Equipping Their Facilities to Mitigate the Spread of Covid-19

PR Newswire

MCL, Sales Channel Partner and North America’s leading supplier of cleaning products and equipment offers bundled suite of Covid-19 infection prevention solutions to help businesses stay safe

TORONTO, May 4, 2021 /PRNewswire/ – Predictiv AI Inc. (TSXV: PAI) (OTC: INOTF) (FSE: 71TA) (“Predictiv AI” or the “Company“), www.predictiv.ai, a software and solutions provider in the artificial intelligence markets, is pleased to announce that its channel reseller partner MCL Sustainable Cleaning Solutions (“MCL“) is showcasing its high-capacity walk-through temperature scanning system, ThermalPasswww.thermalpass.com, as its anchor product in a product bundling offer to help companies maintain a healthy office environment at an easy-to-acquire and affordable entry price.

MCL has bundled eight specialized supplies and technologies to help mitigate the spread of Covid-19 at offices, schools, sports arenas, and other indoor spaces, all for a low monthly payment of $499 over 60-month term or discounted packaged pricing.   

MCL/ThermalPass Bundle Offering: MCL Infection Prevention Bundle

ThermalPass can be assembled almost anywhere in minutes and resembles a thin-framed metal detector at building entranceways, allowing touchless temperature checks from a distance as people enter a facility. The system utilizes 24 thermal sensors in each device, scanning 1,200 temperatures per second with a capacity to check up to 60 people per minute. Unlike most camera-based systems, ThermalPass is not camera based and therefore does not encroach on people’s privacy.

“MCL is making it super easy to make a value-oriented purchase of complementary offerings that provides decision makers with the most effective supplies and technologies available to help workplaces stay safe and stop the spread of the virus,” said Michael Lende, CEO of Predictiv AI. “This product offering will also help introduce and accelerate the sales of ThermalPass as the premiere standalone temperature scanner already endorsed by some of the largest school districts and most prestigious hospitals in the United States.” 

In mid-February, ThermalPass engaged MCL as its channel reseller and distributor to help expand the sales of ThermalPass in the K-12 education, health care, hospitality, food service, commercial real estate, long-term care, and government sectors across Canada. MCL has relationships with such high-profile customers ad Air Canada, the City of Toronto, the Toronto District School Board, Maple Leaf Sports and Entertainment, Metro Toronto Convention Centre, Sunnybrook Hospital and U of T.

“Thank you ThermalPass for playing such an indispensable role for our clients and their Technology Bundle, helping to identify those with an elevated temperature right from the critical point of entry,” said MCL CEO, Warren Jacob’s. “ThermalPass is a key component in our latest IPAC bundling promotion which keeps facilities safe for years to come at a minimal monthly expense, ensuring peace of mind for staff and clients alike.”

For more information on Predictiv AI or ThermalPass, visit: www.predictiv.ai and follow Predictive AI on:

Facebook:        https://www.facebook.com/PredictivAI/ 
Twitter:             https://twitter.com/predictivai 
LinkedIn:          https://www.linkedin.com/company/predictivai/ 

* Predictiv AI is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 coronavirus) at this time.

About Predictiv AI Inc.:
Predictiv AI Inc. www.predictiv.ai is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques. Its Weather Telematics Inc. subsidiary uses patented air quality monitoring sensors to provide predictive weather risk information to the insurance, logistics, fleet management and public safety sectors. The Company’s R&D division, AI Labs Inc., develops new products that solve real-world business problems. The joint venture with Commersive Solutions Corp. is developing innovative technologies for use in various public spaces, starting with the ThermalPass™ temperature scanning system.

Cautionary and Forward-Looking Statements

Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results of the Company to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, ThermalPass achieving the commercial results anticipated by the Company, market demand for ThermalPass and other factors referenced in the Company’s other continuous disclosure filings, which are available at sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE Predictiv AI Inc.

Federal Signal Reports Record Orders and Backlog in Strong First Quarter

PR Newswire

OAK BROOK, Ill., May 4, 2021 /PRNewswire/ — Federal Signal Corporation (NYSE:FSS) (the “Company”), a leader in environmental and safety solutions, today reported results for the first quarter ended March 31, 2021.


First Quarter Highlights

  • Record orders of $384 million, up $80 million, or 26%, from last year and up $108 million, or 39%, compared to the fourth quarter of 2020
  • Record backlog of $410 million, up $106 million, or 35%, from the end of last year
  • GAAP EPS of $0.36
  • Adjusted EPS of $0.38
  • Completed acquisition of OSW Equipment and Repair, LLC (“OSW”), a leading manufacturer of dump truck bodies and custom upfitter of truck equipment and trailers

Consolidated net sales for the first quarter were $279 million, compared to $286 million in the same quarter a year ago. Net income for the first quarter was $22.2 million, equal to $0.36 per diluted share, compared to $23.4 million, equal to $0.38 per share, in the prior-year quarter.

The Company also reported adjusted net income for the first quarter of $23.2 million, equal to $0.38 per diluted share, compared to $24.1 million, or $0.39 per diluted share, in the first quarter of last year. The Company is reporting adjusted results to facilitate comparisons of underlying performance on a year-over-year basis. A reconciliation of these and other non-GAAP measures is provided at the conclusion of this news release.


Strong Operational Performance Despite Ongoing Disruption; Demand Continues to Improve with Record Quarterly Orders

“We delivered another strong quarter, with operating results exceeding our expectations despite ongoing pandemic-related disruption and the effects of unusually adverse weather which impacted production at our facilities in Texas, Mississippi and Alabama,” commented Jennifer L. Sherman, President and Chief Executive Officer. “As in the last two quarters, we again saw improved demand for our products, with our first quarter order intake setting a new record for the Company, surpassing the previous high by over $50 million.”

In the Environmental Solutions Group, net sales for the first quarter were $228 million, compared to $233 million in the prior-year quarter. In the Safety and Security Systems Group, net sales were $51 million, compared to $53 million last year.

Consolidated operating income for the first quarter was $27.8 million, compared to $32.3 million in the prior-year quarter. Consolidated operating margin was 10.0%, compared to 11.3% in the prior-year quarter.

Consolidated adjusted earnings before interest, tax, depreciation and amortization (“adjusted EBITDA”) for the first quarter was $41.2 million, compared to $43.9 million in the prior-year quarter, and consolidated adjusted EBITDA margin was 14.8%, compared to 15.3% last year.

Adjusted EBITDA in the Environmental Solutions Group was $39.3 million, compared to $40.0 million in the prior-year quarter, and its adjusted EBITDA margin was 17.2%, consistent with the prior year. In the Safety and Security Systems Group, adjusted EBITDA was $8.2 million, compared to $8.2 million in the prior-year quarter, and its adjusted EBITDA margin was 16.2%, compared to 15.4% last year.

Consolidated orders for the first quarter were $384 million, the highest quarterly orders on record, representing an increase of $80 million, or 26%, compared to the prior-year quarter. Consolidated backlog at March 31, 2021 was $410 million, a new record for the Company, and up $106 million, or 35%, from the end of last year.


Financial Position Remains Strong, Providing Flexibility to Invest in Organic Growth, Fund M&A and Return Cash to Stockholders

Net cash of $26.0 million was provided by operating activities during the first quarter, an improvement of $20.8 million, compared to the prior-year period.

During the first quarter, the Company completed the acquisition of OSW for initial cash consideration of $53.5 million.

At March 31, 2021, consolidated debt was $223 million, total cash and cash equivalents were $55 million and the Company had $270 million of availability for borrowings under its revolving credit facility. 

“Our financial position continues to be very strong,” said Sherman. “It provides us with flexibility to pursue strategic acquisitions, like OSW, invest in organic growth initiatives, and return cash to stockholders through dividends and opportunistic share repurchases.”

The Company also funded dividends of $5.5 million during the first quarter, reflecting an increased dividend of $0.09 per share, and the Board of Directors recently declared a similar dividend that will be payable in the second quarter.


Outlook

“Orders thus far this year have exceeded our expectations, fueled by a combination of new product launches, ongoing execution against strategic initiatives and strong recovery in end markets,” noted Sherman. “With certain chassis manufacturers temporarily impacted by the global semiconductor shortage, we are currently encountering some short-term production challenges at our largest facility. Our teams are working diligently to navigate through the disruption, as they have in the past when faced with similar situations. After factoring in the impact expected over the next couple of months, at this time we are maintaining our adjusted EPS* outlook for the year of $1.73 to $1.85. With our recently-completed capacity expansions at several facilities, we are well positioned once the current chassis uncertainty eases. Demand for our products is at an all-time high, with the recent federal stimulus and the possibility of infrastructure investment offering potential for further momentum, which we have not factored into our current outlook.”

CONFERENCE CALL

Federal Signal will host its first quarter conference call on Tuesday, May 4, 2021 at 10:00 a.m. Eastern Time. The call will last approximately one hour. The call may be accessed over the internet through Federal Signal’s website at www.federalsignal.com or by dialing phone number 1-877-705-6003 and entering the pin number 13719079. A replay will be available on Federal Signal’s website shortly after the call.

About Federal Signal

Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: direct and indirect impacts of the coronavirus pandemic and the associated government response, economic conditions in various regions, product and price competition, supply chain disruptions, work stoppages, availability and pricing of raw materials, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.

* Adjusted earnings per share (“EPS”) is a non-GAAP measure, which includes certain adjustments to reported GAAP net income and diluted EPS. When reporting adjusted EPS in 2021, we have made, and would expect to continue to make, certain adjustments to exclude the impact of acquisition and integration-related expenses, coronavirus-related expenses and purchase accounting effects, where applicable. In prior years, we have also made adjustments to GAAP net income and diluted EPS for pension-related charges, restructuring activity, hearing loss settlement charges and special tax items. Should any similar items occur in 2021, we would also expect to exclude them from the determination of adjusted EPS. However, because of the underlying uncertainty in quantifying amounts which may not yet be known, a reconciliation of our Adjusted EPS outlook to the most applicable GAAP measure is excluded based on the unreasonable efforts exception in Item 10(e)(1)(i)(B).

 


FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)


Three Months Ended


March 31,


(in millions, except per share data)


2021


2020

Net sales

$

278.8

$

286.1

Cost of sales

210.0

211.3

Gross profit

68.8

74.8

Selling, engineering, general and administrative expenses

40.8

42.2

Acquisition and integration-related expenses

0.2

0.3

Operating income

27.8

32.3

Interest expense

1.1

1.5

Other (income) expense, net

(0.5)

0.2

Income before income taxes

27.2

30.6

Income tax expense

5.0

7.2

Net income

$

22.2

$

23.4

Earnings per share:

Basic

$

0.37

$

0.39

Diluted

$

0.36

$

0.38

Weighted average common shares outstanding:

Basic

60.6

60.5

Diluted

61.7

61.7

Cash dividends declared per common share

$

0.09

$

0.08

Operating data:

Operating margin

10.0

%

11.3

%

Adjusted EBITDA

$

41.2

$

43.9

Adjusted EBITDA margin

14.8

%

15.3

%

Total orders

$

384.1

$

303.9

Backlog

409.5

400.8

Depreciation and amortization

12.2

10.8

 


FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES


CONDENSED CONSOLIDATED BALANCE SHEETS


March 31,

2021


December 31,

2020


(in millions, except per share data)


(Unaudited)


ASSETS

Current assets:

Cash and cash equivalents

$

54.8

$

81.7

Accounts receivable, net of allowances for doubtful accounts of $2.7 and $2.9, respectively

136.3

127.0

Inventories

204.6

185.0

Prepaid expenses and other current assets

9.2

11.8

Total current assets

404.9

405.5

Properties and equipment, net of accumulated depreciation of $140.8 and $136.2, respectively

112.5

106.9

Rental equipment, net of accumulated depreciation of $44.0 and $43.5, respectively

116.2

113.3

Operating lease right-of-use assets

33.8

21.9

Goodwill

406.7

394.2

Intangible assets, net of accumulated amortization of $34.4 and $31.9, respectively

178.7

153.5

Deferred tax assets

8.9

9.5

Deferred charges and other long-term assets

4.2

3.8

Long-term assets of discontinued operations

0.2

0.2

Total assets

$

1,266.1

$

1,208.8


LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Current portion of long-term borrowings and finance lease obligations

$

0.6

$

0.2

Accounts payable

71.2

51.6

Customer deposits

15.3

13.3

Accrued liabilities:

Compensation and withholding taxes

23.6

30.3

Current operating lease liabilities

9.9

8.2

Other current liabilities

46.0

44.7

Current liabilities of discontinued operations

0.1

0.1

Total current liabilities

166.7

148.4

Long-term borrowings and finance lease obligations

222.0

209.8

Long-term operating lease liabilities

25.8

15.5

Long-term pension and other postretirement benefit liabilities

52.9

54.0

Deferred tax liabilities

54.4

53.7

Other long-term liabilities

23.9

24.5

Long-term liabilities of discontinued operations

0.8

0.8

Total liabilities

546.5

506.7

Stockholders’ equity:

Common stock, $1 par value per share, 90.0 shares authorized, 68.4 and 67.8 shares issued, respectively

68.4

67.8

Capital in excess of par value

245.2

240.8

Retained earnings

621.7

605.0

Treasury stock, at cost, 7.4 and 7.3 shares, respectively

(124.3)

(119.8)

Accumulated other comprehensive loss

(91.4)

(91.7)

Total stockholders’ equity

719.6

702.1

Total liabilities and stockholders’ equity

$

1,266.1

$

1,208.8

 


FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)


Three Months Ended


March 31,


(in millions)


2021


2020

Operating activities:

Net income

$

22.2

$

23.4

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

12.2

10.8

Stock-based compensation expense

1.3

1.0

Deferred income taxes

0.5

2.8

Changes in operating assets and liabilities

(10.2)

(32.8)

Net cash provided by operating activities

26.0

5.2

Investing activities:

Purchases of properties and equipment

(4.3)

(9.5)

Payments for acquisition-related activity, net of cash acquired

(52.2)

Proceeds from acquisition-related activity

0.8

Other, net

0.1

0.3

Net cash used for investing activities

(56.4)

(8.4)

Financing activities:

Increase in revolving lines of credit, net

10.1

63.6

Purchases of treasury stock

(13.5)

Redemptions of common stock to satisfy withholding taxes related to stock-based compensation

(4.0)

(4.0)

Cash dividends paid to stockholders

(5.5)

(4.8)

Proceeds from stock-based compensation activity

3.3

Other, net

0.1

0.1

Net cash provided by financing activities

4.0

41.4

Effects of foreign exchange rate changes on cash and cash equivalents

(0.5)

(0.4)

(Decrease) increase in cash and cash equivalents

(26.9)

37.8

Cash and cash equivalents at beginning of year

81.7

31.6

Cash and cash equivalents at end of period

$

54.8

$

69.4

 


FEDERAL SIGNAL CORPORATION AND SUBSIDIARIES


GROUP RESULTS (Unaudited)

The following tables summarize group operating results as of and for the three months ended March 31, 2021 and 2020: 


Environmental Solutions Group


Three Months Ended March 31,


($ in millions)


2021


2020


Change

Net sales

$

228.1

$

233.0

$

(4.9)

Operating income

27.1

29.4

(2.3)

Adjusted EBITDA

39.3

40.0

(0.7)

Operating data:

Operating margin

11.9

%

12.6

%

(0.7)

%

Adjusted EBITDA margin

17.2

%

17.2

%

%

Total orders

$

324.2

$

237.5

$

86.7

Backlog

379.3

358.4

20.9

Depreciation and amortization

11.3

10.0

1.3


Safety and Security Systems Group


Three Months Ended March 31,


($ in millions)


2021


2020


Change

Net sales

$

50.7

$

53.1

$

(2.4)

Operating income

7.2

7.4

(0.2)

Adjusted EBITDA

8.2

8.2

Operating data:

Operating margin

14.2

%

13.9

%

0.3

%

Adjusted EBITDA margin

16.2

%

15.4

%

0.8

%

Total orders

$

59.9

$

66.4

$

(6.5)

Backlog

30.2

42.4

(12.2)

Depreciation and amortization

0.9

0.8

0.1

Corporate Expenses

Corporate operating expenses were $6.5 million and $4.5 million for the three months ended March 31, 2021 and 2020, respectively.

SEC REGULATION G NON-GAAP RECONCILIATION

The financial measures presented below are unaudited and are not in accordance with U.S. generally accepted accounting principles (“GAAP”). The non-GAAP financial information presented herein should be considered supplemental to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company has provided this supplemental information to investors, analysts, and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments shown in the reconciliations below, and to provide an additional measure of performance which management considers in operating the business.

Adjusted Net Income and Earnings Per Share (“EPS”):

The Company believes that modifying its 2021 and 2020 net income and diluted EPS provides additional measures which are representative of the Company’s underlying performance and improves the comparability of results across reporting periods. During the three months ended March 31, 2021 and 2020 adjustments were made to reported GAAP net income and diluted EPS to exclude the impact of acquisition and integration-related expenses, coronavirus-related expenses and purchase accounting effects, where applicable.


Three Months Ended


March 31,


(in millions)


2021


2020

Net income, as reported

$

22.2

$

23.4

Add:

Income tax expense

5.0

7.2

Income before income taxes

27.2

30.6

Add:

Acquisition and integration-related expenses

0.2

0.3

Coronavirus-related expenses (a)

0.9

0.4

Purchase accounting effects (b)

0.1

0.2

Adjusted income before income taxes

28.4

31.5

Adjusted income tax expense (c)

(5.2)

(7.4)

Adjusted net income

$

23.2

$

24.1


Three Months Ended


March 31,


(dollars per diluted share)


2021


2020

EPS, as reported

$

0.36

$

0.38

Add:

Income tax expense

0.08

0.12

Income before income taxes

0.44

0.50

Add:

Acquisition and integration-related expenses

0.00

0.00

Coronavirus-related expenses (a)

0.02

0.01

Purchase accounting effects (b)

0.00

0.00

Adjusted income before income taxes

0.46

0.51

Adjusted income tax expense (c)

(0.08)

(0.12)

Adjusted EPS

$

0.38

$

0.39

(a)

Coronavirus-related expenses in the three months ended March 31, 2021 and 2020 include direct expenses incurred as a result of the coronavirus pandemic, that are incremental to, and separable from, normal operations. These expenses primarily related to the Company’s employee wellness initiatives, including incremental paid time off and reimbursement for certain coronavirus-related expenses.   

(b)

Purchase accounting effects relate to adjustments to exclude the step-up in the valuation of acquired JJE equipment that was sold subsequent to the acquisition in the three months ended March 31, 2021 and 2020, as well as to exclude the depreciation of the step-up in the valuation of the rental fleet acquired.

(c) 

Adjusted income tax expense for the three months ended March 31, 2021 and 2020 was recomputed after excluding the impact of acquisition and integration-related expenses, coronavirus-related expenses and purchase accounting effects, where applicable.

Adjusted EBITDA and Adjusted EBITDA Margin:

The Company uses adjusted EBITDA and the ratio of adjusted EBITDA to net sales (“adjusted EBITDA margin”), at both the consolidated and segment level, as additional measures which are representative of its underlying performance and to improve the comparability of results across reporting periods. We believe that investors use versions of these metrics in a similar manner. For these reasons, the Company believes that adjusted EBITDA and adjusted EBITDA margin, at both the consolidated and segment level, are meaningful metrics to investors in evaluating the Company’s underlying financial performance.

Consolidated adjusted EBITDA is a non-GAAP measure that represents the total of net income, interest expense, acquisition and integration-related expenses, coronavirus-related expenses, purchase accounting effects, other income/expense, income tax expense, and depreciation and amortization expense. Consolidated adjusted EBITDA margin is a non-GAAP measure that represents the total of net income, interest expense, acquisition and integration-related expenses, coronavirus-related expenses, purchase accounting effects, other income/expense, income tax expense, and depreciation and amortization expense divided by net sales for the applicable period(s).

Segment adjusted EBITDA is a non-GAAP measure that represents the total of segment operating income, acquisition and integration-related expenses, coronavirus-related expenses, purchase accounting effects and depreciation and amortization expense, as applicable. Segment adjusted EBITDA margin is a non-GAAP measure that represents the total of segment operating income, acquisition and integration-related expenses, coronavirus-related expenses, purchase accounting effects and depreciation and amortization expense, as applicable, divided by net sales for the applicable period(s). Segment operating income includes all revenues, costs and expenses directly related to the segment involved. In determining segment income, neither corporate nor interest expenses are included. Segment depreciation and amortization expense relates to those assets, both tangible and intangible, that are utilized by the respective segment.

Other companies may use different methods to calculate adjusted EBITDA and adjusted EBITDA margin.


Consolidated

The following table summarizes the Company’s consolidated adjusted EBITDA and adjusted EBITDA margin and reconciles net income to consolidated adjusted EBITDA for the three months ended March 31, 2021 and 2020:


Three Months Ended


March 31,


($ in millions)


2021


2020

Net income

$

22.2

$

23.4

Add:

Interest expense

1.1

1.5

Acquisition and integration-related expenses

0.2

0.3

Coronavirus-related expenses

0.9

0.4

Purchase accounting effects*

0.1

0.1

Other (income) expense, net

(0.5)

0.2

Income tax expense

5.0

7.2

Depreciation and amortization

12.2

10.8

Consolidated adjusted EBITDA

$

41.2

$

43.9

Net sales

$

278.8

$

286.1

Consolidated adjusted EBITDA margin

14.8

%

15.3

%


* Excludes purchase accounting expenses reflected in depreciation and amortization of $0.0 million and $0.1 million for the three months ended March 31, 2021 and 2020, respectively.


Environmental Solutions Group

The following table summarizes the Environmental Solutions Group’s adjusted EBITDA and adjusted EBITDA margin and reconciles operating income to adjusted EBITDA for the three months ended March 31, 2021 and 2020:


Three Months Ended March 31,


($ in millions)


2021


2020

Operating income

$

27.1

$

29.4

Add:

Acquisition and integration-related expenses

0.1

Coronavirus-related expenses

0.8

0.4

Purchase accounting effects*

0.1

0.1

Depreciation and amortization

11.3

10.0

Adjusted EBITDA

$

39.3

$

40.0

Net sales

$

228.1

$

233.0

Adjusted EBITDA margin

17.2

%

17.2

%


* Excludes purchase accounting expenses reflected in depreciation and amortization of $0.0 million and $0.1 million for the three months ended March 31, 2021 and 2020, respectively.


Safety and Security Systems Group

The following table summarizes the Safety and Security Systems Group’s adjusted EBITDA and adjusted EBITDA margin and reconciles operating income to adjusted EBITDA for the three months ended March 31, 2021 and 2020:


Three Months Ended March 31,


($ in millions)


2021


2020

Operating income

$

7.2

$

7.4

Add:

Coronavirus-related expenses

0.1

0.0

Depreciation and amortization

0.9

0.8

Adjusted EBITDA

$

8.2

$

8.2

Net sales

$

50.7

$

53.1

Adjusted EBITDA margin

16.2

%

15.4

%

 

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SOURCE Federal Signal Corporation

Real Estate Cash Offer Program RealSure(SM) Now Available in San Antonio

RealSure Introduces Cash Offers with Unique Benefits and More Choices for Home Sellers Working with Trusted Residential Real Estate Brands Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, ERA®, and Sotheby’s International Realty®

PR Newswire

MADISON, N.J., May 4, 2021 /PRNewswire/ — Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, and Home Partners of America, a leading residential real estate investment and management company, today announced the continued expansion of real estate cash offer program RealSure to San Antonioarea home sellers who have a qualified property and work with a participating Realogy brand-affiliated real estate agent. Part of a broader 2021 expansion strategy, San Antonio will be one of 20 total U.S. markets offering RealSure by midyear.

RealSure is designed to address the two questions consumers most often have when selling their home in today’s competitive market: What is the best price I can sell for? Should I wait to look for my next home until my current home sells to strengthen my position to buy? Combined with the expert guidance of a Realogy affiliated real estate agent from one of its well-known brands, RealSure offers solutions with its two defining features:

RealSure Sell, bringing RealSure home sellers the certainty of a 45-day cash offer while they work with a trusted real estate agent to market their home for an even better offer to maximize the value of  their current home; and

RealSure Buy, where the choice is up to the RealSure home sellers. Whether they accept the RealSure Cash Offer or a third-party offer, RealSure Buy’s features  position RealSure sellers to enhance their ability to purchase and move into a new home they love with ease including:

  • Assured Close: Extend RealSure’s 45-day cash offer up to an additional 45 days, giving RealSure sellers the flexibility they need to close on a third party offer while having peace of mind if that deal falls through, they still have RealSure’s cash offer available to keep them on track to sell their home and purchase a new one; and
  • Flex Stay: RealSure sellers can stay in their current home for up to 30 days after closing their sale to RealSure while they prepare to move into their next home.

“In a tight real estate market like San Antonio where homes are changing hands at a much higher and faster rate, RealSure will bring home sellers instant tools to sell their current home and be more competitive buyers to secure that next home they love,” said Kristin Aerts, vice president of consumer programs for Realogy. “RealSure not only provides home sellers the advantage of a cash offer to let them start looking for their next dream home with confidence, but the program’s added benefits allow sellers to make competitive offers on their dream home as if the equity in their existing home is in their hand.”

“Now more than ever, people are looking for flexibility and control when going through the home selling and buying process, and we are excited to introduce RealSure to the San Antonio region as a solution that does just that,” said Tracey Jeter, vice president of sales and business development for Home Partners of America. “RealSure provides not only the certainty that comes with a cash offer but also the opportunity to work with a trusted real estate agent to weigh all of their options based on what works best for them.”

RealSure is currently available in the cities of and metropolitan areas surrounding Atlanta, Denver, Dallas, Chicago, Houston, Milwaukee and San Antonio as well as Columbus, Ohio; Colorado Springs, Colorado; Ft. Myers, Sarasota, Tampa, and Orlando, Florida; Austin, Texas; and Sacramento, California. For more information on RealSure, please visit www.RealSure.com

About Realogy
Realogy (NYSE: RLGY) is moving the real estate industry to what’s next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company’s diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby’s International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 191,700 independent sales agents in the U.S. and more than 135,000 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today’s consumers. Recognized for ten consecutive years as one of the World’s Most Ethical Companies, Realogy has also been designated a Great Place to Work three years in a row and is one of LinkedIn’s 2021 Top Companies in the U.S.

About Home Partners of America 
Chicago-based Home Partners of America, Inc.  is a private owner and operator of high-quality single-family retail homes dedicated to making living in a single-family home accessible for more people.  Through their innovative Lease Purchase Program, Home Partners has provided access to single family housing for more than 19,000 households all across the country. Home Partners is a dynamic leader in today’s single-family housing market providing home seekers, sellers, and their agents with a range of integrated financial options that limit their risk and help them move forward. 

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SOURCE Realogy Holdings Corp.

Forrester’s B2B Summit Kicks Off; New Research Reveals COVID-19 Pandemic Dramatically Altered B2B Buying Behaviors

Number of buyer interactions in the purchase journey has jumped to more than two dozen

PR Newswire

CAMBRIDGE, Mass., May 4, 2021 /PRNewswire/ — According to new research unveiled at Forrester’s (Nasdaq: FORR) B2B Summit North America, the pandemic has dramatically changed B2B buying behaviors. The number of interactions required to make buying decisions significantly increased in the past two years: from 17 in 2019 to 27 in 2021, indicating a new level of attention and due diligence for purchases during the pandemic. Additionally, many technology purchases, especially software, affect a broader swath of functions and departments, so more stakeholders and influencers are part of the decision-making process. As a result, today 60% of purchases have four or more people involved (compared with just 47% in 2017).

Forrester’s new research outlines frameworks, models, and actionable insights to help B2B marketing, sales, and product leaders understand and act on these new buying behaviors and changing buying process expectations. New research — released in conjunction with the announcement of the Forrester Decisions product portfolio — will equip B2B leaders to define their goals, apply best practices, and ultimately achieve business outcomes faster. According to Forrester, organizations that successfully align marketing, sales, and product functions report 19% faster growth and 15% greater profitability.

Noteworthy research introduced at B2B Summit includes:

  • Building Trust: The B2B Imperative. Despite 92% of businesses viewing themselves as trusted by their customers, firms must work harder to restore and grow trust with customers. Forrester’s new risk-reward framework helps determine how and where to make trust a B2B imperative. It is based on seven measurable levers: accountability, competence, consistency, dependability, empathy, integrity, and transparency.

  • The Forrester 2021 B2B Buying Study

    . In the final six months of 2020, a demand for more content and more digital and personal interactions throughout the B2B buying journey made the purchasing process more intense. Forrester’s research details how leaders can successfully address B2B buyer needs in the new normal.

  • Step Up To B2B Marketing’s New Destiny

    . Fifty-four percent of B2B organizations struggle to activate their brand purpose. This research explains how B2B leaders can fulfill marketing’s new mandate in the post-pandemic era — identify opportunities that relentlessly focus on delivering value to existing and future customers.

  • The Optimal Path To Revenue

    . B2B marketing, sales, and product leaders can use a new framework — the Forrester B2B Revenue Waterfall — to prioritize buyer engagement and maximize deal conversions to accelerate revenue growth.

  • The Five P’s Of Sales That Will Power Success In The Future

    . With the selling profession at a critical crossroads, this research will feature best practices for sales leaders to be purpose driven, precise, personalized, productive, and profitable to earn, retain, and grow customers.
  • Routes To Market: A Means To Strategic Advantage. Today’s B2B environment requires leaders to regularly reassess how they reach, sell to, and support target buyers. This new research outlines how B2B leaders can adapt and optimize their route-to-market decisions to gain competitive advantage.

“The pandemic has disrupted the way we do business,” said Sharyn Leaver, senior vice president of research at Forrester. “With completely transformed customer and buyer behaviors, Forrester’s new research, frameworks, and data will help B2B marketing, sales, and product leaders address their most pressing priorities in the post-pandemic era to ensure greater success and profitability in 2021 and beyond.”

Resources:

  • Register to attend B2B Summit North America.
  • To learn more about Forrester Decisions, click here.
  • Follow @Forrester and #ForrB2BSummit for updates.

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, marketing, customer experience, product, and sales functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 675,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; over 52 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.

Media Contact:
Ira Kantor 
Public Relations 
Forrester Research, Inc. 
[email protected]

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SOURCE Forrester

INOVIO to Present at Upcoming Investor Conferences in May

PR Newswire

PLYMOUTH MEETING, Pa., May 4, 2021 /PRNewswire/ — INOVIO (NASDAQ:INO), a biotechnology company focused on bringing to market precisely designed DNA medicines to treat and protect people from infectious diseases, cancer, and HPV-associated diseases, today announced that INOVIO management will present at the following virtual investor conferences in May:

Bank of America Merrill Lynch Health Care Conference
Date: Tuesday, May 12, 2021
Time: 9:30 AM ET
Presentation Format: Fireside Chat

RBC Global Healthcare Conference
Date: Tuesday, May 18, 2021
Time: 9:45 AM ET
Presentation Format: Fireside Chat

Live and archived versions of the virtual presentations will be available through the INOVIO Investor Relations Events page and may be accessed by visiting INOVIO’s website at http://ir.inovio.com/investors/events/default.aspx. All presentation times are subject to change.

About INOVIO

INOVIO is a biotechnology company focused on rapidly bringing to market precisely designed DNA medicines to treat and protect people from infectious diseases, cancer, and diseases associated with HPV. INOVIO is the first and only company to have clinically demonstrated that a DNA medicine can be delivered directly into cells in the body via a proprietary smart device to produce a robust and tolerable immune response. Specifically, INOVIO’s lead candidate VGX-3100 is the first DNA medicine to achieve efficacy endpoints in a Phase 3 clinical trial, REVEAL 1, for the treatment of precancerous cervical dysplasia caused by HPV-16 and/or HPV-18. VGX-3100 also demonstrated positive Phase 2 efficacy results in separate trials evaluating the treatment of precancerous vulvar dysplasia and anal dysplasia. Also in development are programs targeting HPV-related cancers and a rare HPV-related disease, recurrent respiratory papillomatosis (RRP); non-HPV-related cancers glioblastoma multiforme (GBM) and prostate cancer; as well as externally funded infectious disease DNA vaccine development programs in Zika, Lassa fever, Ebola, HIV, and coronaviruses associated with MERS and COVID-19 diseases. Partners and collaborators include Advaccine, ApolloBio Corporation, AstraZeneca, The Bill & Melinda Gates Foundation, Coalition for Epidemic Preparedness Innovations (CEPI), Defense Advanced Research Projects Agency (DARPA)/Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND)/Department of Defense (DoD), HIV Vaccines Trial Network, International Vaccine Institute (IVI), Kaneka Eurogentec, Medical CBRN Defense Consortium (MCDC), National Cancer Institute, National Institutes of Health, National Institute of Allergy and Infectious Diseases, Ology Bioservices, the Parker Institute for Cancer Immunotherapy, Plumbline Life Sciences, Regeneron, Richter-Helm BioLogics, Thermo Fisher Scientific, University of Pennsylvania, Walter Reed Army Institute of Research, and The Wistar Institute. INOVIO also is a proud recipient of 2020 Women on Boards “W” designation recognizing companies with more than 20% women on their board of directors. For more information, visit www.inovio.com.

CONTACTS:

Media: Jeff Richardson, 267-440-4211, [email protected] 
Investors: Ben Matone, 484-362-0076, [email protected]

This press release contains certain forward-looking statements relating to our business, including our plans to develop and commercialize DNA medicines, our expectations regarding our research and development programs, including the planned initiation and conduct of preclinical studies and clinical trials and the availability and timing of data from those studies and trials, and our ability to successfully manufacture and produce large quantities of our product candidates if they receive regulatory approval. Actual events or results may differ from the expectations set forth herein as a result of a number of factors, including uncertainties inherent in pre-clinical studies, clinical trials, product development programs and commercialization activities and outcomes, our ability to secure sufficient manufacturing capacity to mass produce our product candidates, the availability of funding to support continuing research and studies in an effort to prove safety and efficacy of electroporation technology as a delivery mechanism or develop viable DNA medicines, our ability to support our pipeline of DNA medicine products, the ability of our collaborators to attain development and commercial milestones for products we license and product sales that will enable us to receive future payments and royalties, the adequacy of our capital resources, the availability or potential availability of alternative therapies or treatments for the conditions targeted by us or collaborators, including alternatives that may be more efficacious or cost effective than any therapy or treatment that we and our collaborators hope to develop, issues involving product liability, issues involving patents and whether they or licenses to them will provide us with meaningful protection from others using the covered technologies, whether such proprietary rights are enforceable or defensible or infringe or allegedly infringe on rights of others or can withstand claims of invalidity and whether we can finance or devote other significant resources that may be necessary to prosecute, protect or defend them, the level of corporate expenditures, assessments of our technology by potential corporate or other partners or collaborators, capital market conditions, the impact of government healthcare proposals and other factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2020 and other filings we make from time to time with the Securities and Exchange Commission. There can be no assurance that any product candidate in our pipeline will be successfully developed, manufactured or commercialized, that final results of clinical trials will be supportive of regulatory approvals required to market products, or that any of the forward-looking information provided herein will be proven accurate. Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update or revise these statements, except as may be required by law.

 

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SOURCE INOVIO Pharmaceuticals, Inc.

New Pega Low-Code Capabilities Enable Both Pro and Citizen Developers to Design Ultra-Modern Digital Experiences

New Pega Platform features empower users of any skill level to quickly create elegant and productive app interfaces

PR Newswire

CAMBRIDGE, Mass., May 4, 2021 /PRNewswire/ — Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity, today at PegaWorld® iNspire announced new low-code capabilities in Pega Platform™ that enable both professional and citizen developers to easily design exceptional modern user interfaces (UI) for their apps. By combining enhanced front-end design features with its proven back-end processing abilities, Pega helps empower any enterprise user to create more complete digital experiences from a single low-code platform.

While business users have become empowered to build apps themselves with low code, they still rely on professional designers and front-end developers to finish them with sleek user interfaces. Low code traditionally excels at modeling the back-end processes that drive how apps work. But the resulting front-end interfaces, while adequate, often fall short of rendering the cutting-edge and intuitive experiences that end users expect. To keep up with the pace of digital transformation, organizations need low code with both back-end and front-end design capabilities so anyone can create differentiated apps with modern user experiences (UX) for customers and employees.

Available by the end of this quarter, new Pega Platform capabilities combine Pega’s powerful app authoring capabilities with out-of-the-box UX best practices to deliver the most complete low-code app design and development solution. With a new UI architecture, enhanced design capabilities, and open APIs, users can both configure and design their app in the same easy-to-use low-code platform. In addition, built-in industry standards help enable front-end developers to readily integrate new UXs into their existing front ends. The result: extremely fast and efficient interfaces that look great, are a pleasure to use, and deliver the business outcomes enterprises need to succeed. 

The new capabilities provide benefits for both businesspeople and professional developers looking to build exceptional applications, including:

  • Faster and more productive app interfaces – Pega-built applications can now perform up to three times faster using the new React-based version of the Pega Cosmos™ Design System, which works seamlessly with the new capabilities. With a lightweight ‘single-page application’ approach, Pega has reduced the payload by 75% – meaning less code transferred back and forth when interacting with the app. Beyond pure speed, new design templates also help enterprises create more efficient app interfaces. This helps reduce end-user errors, mouse movements, and fatigue while improving task completion rates – resulting in more productive employees and more satisfied customers.
  • Easier-to-use low-code design capabilities – Pega takes the complexity and guesswork out of UI design by making it easy for enterprise users to create elegant app interfaces. This prescriptive approach provides an extensible library of reusable design templates in App Studio based on proven best practices. This helps business users focus their attention on modeling and configuring the application while the optimal design layout is intuitively rendered in parallel as they build. In addition, interface branding elements are customizable, helping enable users to automatically set their brand guidelines across the entire app.
  • Context-aware
     APIs that dynamically update as processes change – Unlike traditional static APIs, enhanced Pega Digital Experience (DX) APIs help automatically adjust connected front-end interfaces when changes are made to its core back-end process – all without rewriting any code. For example, if a bank uses Pega to update an existing loan application process with a new data field, Pega DX API helps dynamically render the new field across all connected channels, such as the web or mobile interface. This frees front-end designers from having to recode front-end interfaces with every new back-end process change, saving a significant amount of time. With Pega’s Center-out™ business architecture, customers can move seamlessly across channels with Pega’s decisioning, automation, and case management, helping ensure every interaction is personalized and effective.

Availability:
The new Pega Platform design and development features will be available by the end of this quarter (Q2 2021) as part of the Pega Infinity 8.6 product release, which was also announced today. For more information, visit www.pega.com/products/platform/ux.

The news was launched this morning at PegaWorld iNspire, Pega’s annual conference, now in its 19th year and second as a virtual event. All sessions and features, including a special session on Pega Infinity 8.6, are live today and quickly available for replay at www.pegaworld.com.

Quotes & Commentary:
“These new features in Pega Platform represent a significant step change in the evolution of low-code app development,” said Kerim Akgonul, chief product officer, Pegasystems. “For the first time, organizations can use low code to not only build bullet-proof process automation apps but to also easily complement their own developed apps with elegant user interfaces – all done in the same tool. This helps allow enterprises to spend less time building and more time driving key business outcomes that matter.”

Supporting Resources:

About Pega
Pega delivers innovative software that crushes business complexity so our clients can make better decisions and get work done. We help the world’s leading brands solve their biggest business challenges: maximizing customer lifetime value, streamlining customer service, and boosting operational efficiency. Pega technology is powered by real-time AI and intelligent automation, while our scalable architecture and low-code platform help enterprises adapt to rapid change and transform for tomorrow. For more information on Pegasystems (NASDAQ:PEGA), visit www.pega.com.

Press Contact:

Sean Audet

Pegasystems        
[email protected]
Twitter: @pega 

All trademarks are the property of their respective owners.

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SOURCE Pegasystems Inc.

Loop Energy and Aliant Battery Announce Channel Partnership for Development of Hydrogen Electric Solutions for Commercial Vehicle and Stationary Power Applications

PR Newswire

VANCOUVER, BC, May 4, 2021 /PRNewswire/ – Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell-based solutions, announces an agreement with Aliant Battery, a division of ELSA Solutions SRL, a systems integrator based in Italy specializing in development of battery-electric solutions for commercial vehicles and stationary power applications.

This agreement marks a key step for Loop in advancing hydrogen-based electric solutions for commercial vehicles, and it allows Loop to meaningfully engage with Aliant’s extensive list of OEM customers that manufacture commercial vehicles and transportation fleets, as well as industrial and heavy-duty materials handling equipment.

Through this partnership, Aliant Battery will also become a value-added integration channel partner for Loop, on the one hand providing engineering service expertise to Loop’s customers, including hydrogen fuel cell and battery electric systems integration, and, on the other hand, expanding the Loop Energy customer ecosystem by leveraging its market position to identify and engage prospective vehicle OEM and stationary power genset manufacturers looking to transition their product portfolios to the hydrogen electric technology.

“I am eager to develop hydrogen electric applications and systems in cooperation with Loop Energy, demonstrating how battery powered vehicles can benefit from hydrogen fuel cells to increase vehicle autonomy,” says Davide Pal Pozzo, Partner at Aliant Battery. “We have a long history of utilizing range extenders with internal combustion engines, and as hydrogen begins to play a key role in commercial vehicle electrification in the near future, we believe Loop Energy is the right partner with their advanced fuel cell solutions. Together, Aliant and Loop will be at the forefront of this technology adoption.”

“Our partnership with Aliant Battery is an integral part of our Total Customer Care program and overall channel-based go-to-market strategy,” says George Rubin, Chief Commercial Officer at Loop Energy. “Together with Loop Energy’s industry-leading eFlow technology, Aliant’s engineering, product design and integration will enable more OEMs to leverage eFlow’s total cost of ownership benefits into market leadership by having the best cost and performance in zero emission product offerings.”

About Aliant Battery

Aliant Battery is a division of ELSA Solutions, a systems integrator that specializes in the development and production of lithium battery electric solutions for industrial and commercial vehicles and stationary power applications. Aliant Battery is the industry leader in lithium battery design and production in Italy and manufactures power packs ranging from 5KWh to 2MWh for OEM companies involved in the manufacturing of heavy-duty materials, such as cradle and port cranes, lifting machineries and public transportation vehicles.

About Loop Energy Inc.

Loop Energy is a leading designer of hydrogen fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the final long-form prospectus of the Company dated February 18, 2021. Loop disclaims any obligation to update these forward-looking statements. 

Source: Loop Energy Inc.

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SOURCE Loop Energy

Turquoise Hill to announce first quarter financial results on May 12, 2021

PR Newswire

MONTREAL, May 4, 2021 /PRNewswire/ – Turquoise Hill Resources will announce its first quarter financial results on Wednesday, May 12, 2021 after markets close in North America.

The Company will host a conference call and webcast to discuss first quarter financial results on Thursday, May 13, 2021 at 8:00 am EST / 5:00 am PDT. The conference call can be accessed through the following dial-in details:

North America: +1 888 390 0546

United Kingdom: + 0 800 652 2435

Australia: +1 800 076 068

The conference call will also be simultaneously webcast on Turquoise Hill’s website at www.turquoisehill.com. An archived playback of the call will be available on the Company’s website.

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SOURCE TURQUOISE HILL RESOURCES LTD

Zoomd Signs User Acquisition Services Extension Agreement with Fugo Games

With over 250 million downloads, the leading online casual gaming giant will utilize Zoomd’s User Acquisition platform services to increase users-base, user retention and enhance monetization of its gaming products

PR Newswire

VANCOUVER, British Columbia, May 4, 2021 /PRNewswire/ — Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company“), the marketing tech (MarTech) user-acquisition and engagement platform,announces it has signed an extension agreement with the online casual gaming giant – Fugo Games (https://fugo.com.tr/).

 

Zoomd Logo

 

Fugo is a leading global mobile casual gaming company specialized in iOS & Android development. In 2011 Fugo released its first title ‘Wordz’ as a casual online word game and have been releasing a wide range of casual games ever since with stellar global success. Fugo is extending its workwith Zoomd to employ services for online user-acquisition campaign management for their global online business.

“Fugo is a true innovator in the casual gaming space with massive volumes of customer engagement in many countries,” says Ofer Eitan, CEO of Zoomd adding that “Zoomd has the potential to increase both conversion rates and user-acquisition ratios for Fugo that will positively impact their monetization span.”

About Zoomd

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a majority of global digital media, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers’ goals and targets.

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


DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect Zoomd’s ability to benefit from its engagement by Fugo and its ability to benefit Fugo. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the COVID-19 pandemic), the extent and duration of which are uncertain at this time on Zoomd’s business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.

The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

For further information please contact:

Amit Bohensky

Chairman
Zoomd
[email protected]

Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
[email protected]

Cision View original content:http://www.prnewswire.com/news-releases/zoomd-signs-user-acquisition-services-extension-agreement-with-fugo-games-301282859.html

SOURCE Zoomd Technologies Ltd.