Market Newsdesk

January 13, 2021 7:53 am

Landstar to Release Fourth Quarter Results on Wednesday, January 27, 2021

JACKSONVILLE, Fla., Jan. 13, 2021 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today it will release its 2020 fourth quarter results after the market closes on Wednesday, January 27, 2021. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, January 28, 2021 at 8:00 a.m. ET to discuss the fourth quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on “Webcasts”; and then “Landstar’s Fourth Quarter 2020 Earnings Release Conference Call.”

For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone replay number for the U.S. and Canada is (800) 879-5510 and for international calls is (203) 369-3990.

About Landstar:

Landstar
System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

Contact:  Jim Gattoni
Landstar System, Inc.
904-398-9400

January 13, 2021 7:50 am

Cytovia Therapeutics Partners with National Cancer Institute to Develop Novel Gene-Edited, iPSC-Derived GPC3 CAR NK Cells for the Treatment of Solid Tumors

CAMBRIDGE, Mass., Jan. 13, 2021 (GLOBE NEWSWIRE) — Cytovia Therapeutics, an emerging biopharmaceutical company focusing on Natural Killer cells in cancer, announced today that it has signed a licensing agreement with the National Cancer Institute (NCI), part of the National Institutes of Health, to apply its gene-edited iPSC-derived NK cell technology to develop GPC3 CAR NK cell therapeutics. Dr Mitchell Ho, PhD, Director of the Antibody Engineering Program and Deputy Chief of the Laboratory of Molecular Biology at the NCI Center for Cancer Research has developed novel antibodies and chimeric antigen receptors (CAR) binding to glypican-3 (GPC3) on liver cancer cells. Dr. Ho has published data on the humanized GPC3 antibody in scientific reports (nature research) in 2016 as well as on the GPC3 CAR in Gastroenterology in 2020.

GPC3 is an oncofetal antigen involved in Wnt-dependent cell proliferation. It is highly expressed in Hepatocellular Carcinoma tumor cells as well as multiple other solid tumors, including ovarian cancer and lung cancer, but not expressed in adult normal tissues.

Cytovia has also signed a Cooperative Research and Development Agreement (CRADA) with the National Cancer Institute. Under the CRADA, Cytovia will collaborate with Dr. Ho’s laboratory to develop and evaluate gene-edited iPSC-derived GPC3 CAR NK cells. Cytovia expects to file an initial new drug application (IND) for its GPC3 CAR NK cells in the first half of 2022.

Dr. Daniel Teper, Chairman and CEO of Cytovia Therapeutics commented: “GPC3 is an exciting new validated target for Hepatocellular Carcinoma, an area of major unmet medical need, as well as other solid tumors. We look forward to collaborating with Dr. Ho, a pioneer in GPC3 research, to develop a novel gene-edited, iPSC-derived GPC3 CAR NK that will advance toward a cure for liver cancer.”

Dr. Ho added: “Natural Killer cells play a major role in the immuno-surveillance of liver cancer. GPC3 is expressed in more than 70% of Hepatocellular Carcinoma cells but not on healthy cells. We look forward to investigating whether GPC3 CAR-NK therapy could provide a new safe and effective off-the-shelf option for patients with liver cancer.”

ABOUT GENE-EDITED, IPSC-DERIVED NK CELLS

Chimeric Antigen Receptors (CAR) are fusion proteins that combine an extracellular antigen recognition domain with an intracellular co-stimulatory signaling domain. Natural Killer (NK) cells are modified genetically to allow insertion of a CAR. CAR-NK cell therapy has demonstrated initial clinical relevance without the limitations of CAR-T, such as Cytokine Release Syndrome, neurotoxicity or Graft vs Host Disease (GVHD). In addition, CAR-NKs are naturally allogeneic, available off-the-shelf and may be able to be administered on an outpatient basis. Recent innovative developments with the induced pluripotent stem cell (iPSC)-derived CAR-NKs, an innovative technology, allow large quantities of homogeneous genetically modified CAR NK cells to be produced from a gene-edited iPSC master cell bank, and thus hold promise to expand access to cell therapy for many patients.

ABOUT HCC

Hepatocellular carcinoma (HCC) is the most common primary liver malignancy and a leading cause of death worldwide, with 800,000 new cases diagnosed globally every year. The incidence in Asia is amongst the highest in the world (75%) with 400,000 in China alone. In the US, it is estimated to reach upwards of 30,000 by the end of 2020 and continues to be on the rise. Despite advances in immunotherapy, with current treatment options including multi-kinase inhibitors (TKI) and checkpoint inhibitors, life expectancy for patients diagnosed with HCC remains very low. The disease is often diagnosed at an advanced stage, with a median survival of approximately 6 to 20 months following diagnosis, and a 5-year survival rate below 10% in the US. Fortunately, new options including cell therapy and bispecific antibodies offer promise towards a cure for liver cancer.

ABOUT GPC3

Glypican-3 (GPC3) is a cell-surface heparan sulfate proteoglycan expressed in the liver and the kidney of fetuses but is hardly expressed in adults, except in the placenta. However, it is highly expressed in HCC, ovarian clear cell carcinoma, squamous cell carcinoma of the lung, melanoma, hepatoblastoma, nephroblastoma (Wilms tumor), yolk sac tumor, and some pediatric cancers. GPC3 promotes Wnt-dependent cell proliferation and has been strongly suggested that it is related to the malignant transformation. Therefore, GPC3 is a promising target for cancer immunotherapy and can serve as a biomarker for predicting tumor recurrence and treatment efficacy.

About Cytovia Therapeutics
Cytovia Therapeutics Inc is an emerging biotechnology company that aims to accelerate patient access to transformational immunotherapies, addressing several of the most challenging unmet medical needs in cancer. Cytovia focuses on Natural Killer (NK) cell biology and is leveraging multiple advanced patented technologies, including an induced pluripotent stem cell (iPSC) platform for CAR (Chimeric Antigen Receptors) NK cell therapy, next-generation precision gene-editing to enhance targeting of NK cells, and NK engager multi-functional antibodies. Our initial product portfolio focuses on both hematological malignancies such as multiple myeloma and solid tumors including hepatocellular carcinoma and glioblastoma. The company partners with the University of California San Francisco (UCSF), the New York Stem Cell Foundation (NYSCF), the Hebrew University of Jerusalem, INSERM, and CytoImmune Therapeutics.

Learn more at www.cytoviatx.com and follow Cytovia Therapeutics on Social Media (Facebook, LinkedIn, Twitter, and Youtube).

Contact for investor enquiries:

Anna Baran-Djokovic

Vice President, Investor Relations
[email protected]
1 (646) 355 1787

January 13, 2021 7:49 am

IIROC Trading Halt – CNFA

Canada NewsWire

VANCOUVER, BC, Jan. 13, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: CanaFarma Hemp Products Corp.

CSE Symbol: CNFA

All Issues: Yes

Reason: Cease Trade Order

Halt Time (ET): 7:45 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

January 13, 2021 7:48 am

Jacobs Serves as Designer of Record for West Lake Commuter Rail Corridor

Commuter rail extension to drive economic, social and environmental benefits

PR Newswire

DALLAS, Jan. 13, 2021 /PRNewswire/ — Jacobs (NYSE:J) will serve as the designer of record for the F.H. Paschen and Ragnar Benson Joint Venture responsible for the eight-mile West Lake Corridor extension of the South Shore commuter rail line between Hammond and Dyer, Indiana. Expanding the South Shore Line will increase access for the growing area of Lake County, Indiana to connect more easily to Chicago.

Delivered as a design-build project, the owner, The Northern Indiana Commuter Transportation District, estimates the cost of the project to be $933 million and construction to finish in 2024. The West-Lake Corridor project will provide Lake County residents with faster and more reliable access to employment and entertainment in Chicago. Along with approximately eight new miles of track, the new corridor will include four new stations with parking lots, park-and-ride areas, and ADA parking and station access. The expected travel time from the new Munster/Dyer Main Street station to Chicago’s Millennium Station is 47 minutes with 12 trips to/from during weekday peak.

“Improving accessibility, creating jobs and generating economic, social and environmental benefits strongly aligns with Jacobs’ values,” said Jacobs People & Places Solutions Senior Vice President Gary Morris. “Connecting Lake County area residents to Chicago and Cook County, Illinois is a step toward how we’d like to reimagine mobility for tomorrow in the Midwest.”

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as the company’s other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

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SOURCE Jacobs

January 13, 2021 7:48 am

Ameren Corporation Fourth Quarter 2020 Earnings Webcast Feb. 19, 2021

PR Newswire

ST. LOUIS, Jan. 13, 2021 /PRNewswire/ — Warner L. Baxter, chairman, president and CEO of Ameren Corp. (NYSE: AEE), will join Michael L. Moehn, executive vice president and CFO of Ameren Corp., to discuss fourth quarter 2020 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central Time (10 a.m. Eastern Time) on Friday, Feb. 19.

The call will be broadcast live over the Internet on AmerenInvestors.com. Supporting materials for the call will be posted in the “Investor News and Events” section of this website under “Events and Presentations.” A replay of the webcast will be available for one year beginning approximately one hour after the close of the call.

St. Louis-based Ameren Corporation powers the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric service generation, transmission and distribution services, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated electric transmission projects. For more information, visit Ameren.com, or follow us on Twitter at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.

View original content to download multimedia:http://www.prnewswire.com/news-releases/ameren-corporation-fourth-quarter-2020-earnings-webcast-feb-19-2021-301206944.html

SOURCE Ameren Corporation

January 13, 2021 7:45 am

Item 9 Labs Reports Record Revenue for Fiscal Year 2020

– Annual revenue growth of 65% fueled by increases in production and market demand

– Stage is set for 2021 developments across Arizona cannabis product expansion and new distribution through merger with national dispensary franchise

PR Newswire

PHOENIX, Jan. 13, 2021 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (“Item 9 Labs” or the “Company”), a vertically integrated cannabis operator that produces premium products, today reported the Company’s operating and financial results for the fiscal year (FY) ended September 30, 2020.

Key Financial Highlights for FY 2020

Revenue increased 65% to $8.1 million
Gross profit increased 39% to $3.3 million
Operating loss decreased 46% to $5.4 million
Operating expenses as a percentage of gross profit declined from 526% to 265%
Adjusted EBITDA loss decreased 9% to $2.1 million

Key Business Highlights for FY 2020

Ramped up cultivation and production operations
Continued to improve the operating capacity of cultivation and processing facilities
Signed definitive merger agreement with ONE Cannabis Group
Named Mike (Mic) Keskey, retired former President of U.S. Retail for Best Buy Co., Inc. (NYSE: BBY), and Doug Bowden, a 30-year consumer electronics veteran with extensive experience in real estate investment and development, to Board of Directors
Appointed Andrew Bowden as Chief Executive Officer
Earned one Errl Cup and four 710 Degree Cup awards, Arizona’s largest cannabis competitions
Qualified to trade on OTCQX Market (upgraded from OTC Pink to OTCQB, then from OTCQB to OTCQX, both in August)

Management Commentary

“This past year has been an exciting and successful time for our team,” commented Item 9 Labs Chief Executive Officer Andrew Bowden. “We’ve seen strong, steady performance with sequential quarter-over-quarter growth rates of nearly 20% since my appointment as CEO at the start of our 2020 fiscal year. Our team continues to exceed expectations and has efficiently ramped production to meet heightened demand for our products, setting the stage for key strategic and operational developments in 2021. We anticipate increased business activities as we continue to pursue opportunities that position the company for growth and profitability.”

Bowden continued, “We are still in the early stages of our growth and are already seeing an acceleration with Arizona’s adult-use marijuana market opening in the first half of 2021, which we estimate will increase our consumer base by 500%. We’re prepared to meet this demand through our streamlined production process and by expanding our operational cultivation footprint by more than 300% in the year ahead.”

“In addition to continued growth in Arizona, we look forward to closing our pending merger with ONE Cannabis Group and their cannabis franchise, Unity Rd. We expect the combination of our premium, award-winning cannabis products with the nation’s leading dispensary franchise will elevate our brand footprint through national distribution across Unity Rd.’s locally owned and operated dispensaries. This will ease new market product entry and create recurring revenue streams through franchise royalty fees,” Bowden concluded.

Subsequent to the End of FY 2020

Item 9 Labs’ 45-acre marijuana cultivation site expansion was approved by Coolidge, Arizona officials in November 2020. Local city council supports the Company’s master site expansion plan that will create 650,000+ square feet of marijuana operations. Known for its award-winning, premium cannabis products, Item 9 Labs is expected to expand its marijuana operations space by more than 3,000% at the conclusion of the expansion. Currently, the Company has two 10,000 square-foot facilities on its 50-acre site. The site will see expansion on 45 of its acres to include six additional buildings, 12 greenhouses and six greenhouse support buildings (head houses). Seven of the buildings will be for indoor cultivation and one will be for expansion of the Company’s lab and support space for finished product. In addition to the above uses, the Company is currently awaiting state approval for five acres of on-site outdoor cultivation. Upon breaking ground, ongoing construction will take place over three years in six phases, with the initial phase beginning in early 2021. Phase one includes the construction of two 26,000 square-foot greenhouses, one head house and two 10,000 square-foot buildings – one for indoor cultivation and one for the lab and packaging. This phase adds 72,000 square feet of operations space. Construction on phase two is anticipated to begin in summer 2021.

The Company finalized its merger agreement with ONE Cannabis Group (OCG Inc.) in December 2020 and expects to close the merger in early 2021. Based in Colorado, ONE Cannabis Group is the parent company to the dispensary franchise Unity Rd. The cannabis franchise pioneer helps eager operators enter the complex cannabis industry with ease by offering its franchise partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary. Currently, Unity Rd. has agreements signed for the development of more than two dozen franchisee owned and operated shops across multiple states and expects the first store to open within the next six months.

Item 9 Labs raised $5.667 million in equity at $0.85 per common share in preparation for the cultivation site expansion, recently approved adult-use legislation in Arizona and the ONE Cannabis Group merger.

Financial Results for FY 2020, Ended September 30, 2020:

Revenue: For the 12 months ended September 30, 2020, revenue was $8.1 million, an increase of $3.2 million or 65%, compared to $4.9 million for the 12 months ended September 30, 2019. This increase was primarily due to operational improvements that increased production outputs as well as an overall increase in monthly sales as product demand grew.
Gross Profit: For the 12 months ended September 30, 2020, gross profit was $3.3 million, an increase of $0.9 million or 39%, compared to $2.4 million for the 12 months ended September 30, 2019. The resulting gross margin was 41% for the 12 months ended September 30, 2020, compared to 48% for the 12 months ended September 30, 2019.

The increase in gross profit was due to the ramp up in operations and continued improvement in the operating capacity of the Company’s cultivation and processing facilities. With the Company’s continued increase in capacity and focus on efficiencies and cost reduction, management expects gross profit to continue to grow going forward.

Item 9 Labs increased operational efficiency throughout fiscal year 2020, and management believes costs of revenues will increase at a lower rate than revenues in future periods, which will lead to higher profit margins than these historical figures illustrate. Through bulk purchasing, increasing efficiencies in production, and investments in equipment, management believes that the Company will continue to improve gross profit margins.

Total Operating Expenses: For the 12 months ended September 30, 2020, total operating expenses were $8.7 million, a decrease of $3.8 million, or 30%, compared to $12.5 million for the 12 months ended September 30, 2019. Operating expenses as a percentage of gross profit decreased from 526% to 265% for the years compared. Management believes this ratio will decrease going forward as the expectation is that revenues will continue to grow at a higher rate than operating expenses.

Of note, $0.9 million of the Company’s operating expenses for the year ended September 30, 2020 were depreciation of fixed assets and amortization of other intangible assets, and $0.4 million is a provision for bad debt; management does not believe the latter to be indicative of future results. Additionally, $1.8 million of the Company’s operating expenses in fiscal year 2020 were paid through the issuance of shares of common stock of the Company and employee stock options. $5.8 million of the Company’s operating expenses for the year ended September 30, 2019 were a loss on impairment of goodwill and other intangible assets, and $0.4 million is a provision for bad debt, both items that management does not believe to be indicative of future results. Additionally, $1.1 million of the Company’s operating expenses in 2019 were paid through the issuance of shares of common stock of the Company.

Operating Loss: For the 12 months ended September 30, 2020, operating loss was $5.4 million, a decrease of $4.7 million, or 46%, compared to operating loss of $10.1 million for the 12 months ended September 30, 2019.
Adjusted EBITDA Loss: After adding back non-cash operating expenses, depreciation and amortization, interest and stock-based compensation, Adjusted EBITDA loss for the 12 months ended September 30, 2020 was $2.1 million, a decrease of $0.2 million, or 9%, compared to $2.3 million for the 12 months ended September 30, 2019.
Net Loss: For the 12 months ended September 30, 2020, net loss was $12.3 million, a decrease of $2.4 million, or 24%, compared to $9.9 million for the 12 months ended September 30, 2019. The resulting loss per share for the 12 months ended September 30, 2020 was ($0.20) per share, compared to ($0.16) per share for the twelve months ended September 30, 2019. $2.2 million of the net loss for the 12 months ended September 30, 2020 relates to the warrants issued to debtholders during the year, and $2.6 million relates to the related beneficial conversion features. The five founding members of Item 9 Labs returned 10 million shares to treasury to make the transaction non-dilutive to the remaining shareholders.

Use of Non-GAAP Financial Measures

To supplement the Company’s financial statements presented on a GAAP basis, Item 9 Labs provides Adjusted EBITDA as a supplemental measure of its performance.

To provide investors with additional insight and allow for a more comprehensive understanding of the information used by management in its financial and decision-making surrounding pro forma operations, Item 9 Labs supplements its consolidated financial statements presented on a basis consistent with U.S. generally accepted accounting principles, or GAAP, Adjusted EBITDA as a non-GAAP financial measures of earnings. Adjusted EBITDA represents EBITDA plus stock-based compensation and change in fair value of derivative liabilities. Item 9 Labs management uses Adjusted EBITDA as financial measures to evaluate the profitability and efficiency of the business model. The Company uses these non-GAAP financial measures to assess the strength of the underlying operations of the business. These adjustments, and the non-GAAP financial measures that are derived from them, provide supplemental information to analyze its operations between periods and over time. Item 9 Labs finds this especially useful when reviewing pro forma results of operations, which include large non-cash amortizations of intangible assets from acquisitions and stock-based compensation. Investors should consider its non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.

About Item 9 Labs Corp.

Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator headquartered in Arizona. The Company creates best-in-class products and canna-business solutions designed to help people become the best versions of themselves. With an award-winning CPG brand and nationally recognized application team, Item 9 Labs improves the cannabis experience while providing transparency, consistency, and well-being for those relying on them. For additional information, please visit: item9labscorp.com.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:

Item 9 Labs
Jayne Levy
Director of Communications
Email: [email protected]

Investor Contact:

IRTH Communications
800-403-1140
Email: [email protected]

View original content:http://www.prnewswire.com/news-releases/item-9-labs-reports-record-revenue-for-fiscal-year-2020-301207161.html

SOURCE Item 9 Labs Corp.

January 13, 2021 7:44 am

Mogo Appoints Former Square Canada Head of Marketing as Vice President of Marketing

Mogo Appoints Former Square Canada Head of Marketing as Vice President of Marketing

VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, today announced the appointment of highly experienced marketing executive Christopher Day as its new Vice President of Marketing.

Day is a global marketing executive with more than 20 years of full-stack marketing experience, including extensive experience in brand building, performance marketing, social media & public relations, product development and sales development. He has a track record of results-oriented success in B2C and B2B markets. Most recently, Day served as Head of Marketing for Square Canada, where he created and lead the marketing and demand-generation activities for Square in Canada. Previously, he held senior marketing positions with Orbitz Worldwide, Expedia Canada, and Dell Canada, among other organizations.

“We’re thrilled to welcome Chris to the leadership team at Mogo,” commented David Feller, Mogo’s Founder and CEO. “His deep understanding of the fintech landscape and the Canadian digital payments ecosystem will make him a valuable asset as we further build our brand among Canadian consumers and cement Mogo’s position as the go-to financial app for the next generation of Canadians. Upon closing of the Carta acquisition, he will also play an instrumental role in working with the Carta team to expand awareness of their next-gen digital payments platform and support the company’s global expansion plans.”

“As one of the fintech pioneers in Canada, Mogo has developed a unique multi-product financial health solution and is uniquely positioned to benefit from the rapid adoption of digital banking, digital wallets, and the general movement toward financial health,” said Christopher Day. “I look forward to working with the team to drive brand awareness and support their strategies to generate increased member engagement, monetization and top-line growth.”

Forward-Looking Statements

This news release may contain “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding our ability to increase brand awareness, our ability to expand awareness of Carta’s platform, our ability to bring a new level of convenience and accessibility to bitcoin ownership, and the opportunity to drive member growth, engagement and monetization. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Mogo’s control. For a description of the risks associated with Mogo’s business please refer to the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

About Mogo

Mogo — a financial technology company — offers a finance app that empowers consumers with simple solutions to help them get in control of their financial health and be more mindful of the impact they have on society and the planet. Users can sign up for a free account in only three minutes, begin to learn the 4 habits of financial health and get convenient access to products that can help them achieve their financial goals and have a positive impact on the planet including a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, free monthly credit score monitoring, ID fraud protection and personal loans. Members can also easily buy and sell bitcoin 24/7 through the Mogo app, as well as participate in Mogo’s new bitcoin rewards program. The Mogo platform has been purpose-built to deliver a best-in-class digital experience, with best-in-class products, all through one account. With more than one million members and a marketing partnership with Canada’s largest news media company, Mogo continues to execute on its vision to gamify financial health and become the go-to financial app for the next generation of Canadians. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).

View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005478/en/

Craig Armitage

Investor Relations

[email protected]

(416) 347-8954

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Software Banking Mobile/Wireless Networks Professional Services Data Management Technology Security Marketing Communications Finance Other Technology

MEDIA:

January 13, 2021 7:34 am

Wallbridge’s Infill Wedge Drilling Results Average 9.26 g Au/t over 31.34 metres in Tabasco Shear Zone

TORONTO, Jan. 13, 2021 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) is pleased to announce the remaining assay results from the five wedge cuts drilled around FA-19-086 that continue to delineate the high metal factor (grade multiplied by core length) domains in Tabasco-Cayenne shear zones. As expected, the results of the FA-19-086 wedge cuts confirm a wide shear zone with good geological continuity and highly variable gold grades. The average grade and width for the original hole and the five wedge cuts, which tested a 75 by 75 metre area surrounding the original hole at approximately 25-40 metre spacing, returned (see Figs. 1 and 2):

9.26 Au g/t (8.22 Au g/t cut) over 31.34 metres

Note: Drill hole composites reported as “cut” contain higher grade samples that have been cut to 140 g/t Au.

“Highly variable grade is a characteristic of these types of gold deposits and we expected a wide range of grades in these wedge-cuts. What is most important from a mining point of view is the geological continuity of the structure and the average grade of the zone,” stated Attila Péntek, Vice President Exploration of Wallbridge.

“The five wedge cuts completed around hole FA-19-086 show good geological continuities with consistent shear zone thicknesses of greater than 20 metres core length, four of the six intersections being above 3.0 g/t Au, and overall average of 9.26 g/t Au over 31.34 metres. We continue to de-risk the project with tightly spaced wedge drilling in other selected areas as outlined in Figure 1, while we also complete in-fill drilling at larger (50-60 m) spacings elsewhere within our large Tabasco-Cayenne shear system.”

Results of the first wedge cut (FA-19-086-W1) were previously announced (see Wallbridge Press Release dated October 19, 2020) and the remaining four wedge cuts are reported here (see Tables 1 and 2).

Table 1. Comparison of the main Tabasco Zone intersections in hole FA-19-086 and the surrounding five wedge cuts within 25-40 metres distance

Drill Hole	Au g/t	Au g/t Cut	Length (m)	Press Release Date
FA-19-086	22.73	18.87	48.01	December 3, 2019
FA-19-086-W1	9.06	8.82	40.05	October 19, 2020
FA-19-086-W2	1.73	1.73	26.00	This Release
FA-19-086-W3	3.11	3.11	21.55	This Release
FA-19-086-W4	1.62	1.62	26.00	This Release
FA-19-086-W5	5.00	5.00	26.40	This Release
Average	9.26	8.22	31.34

Note: Drill hole composites reported as “cut” contain higher grade samples that have been cut to 140 g/t Au.

Similar wedge drilling programs have been completed, with assays pending, to test the continuity in other high metal factor domains within the Tabasco-Cayenne shear zones (see Figs. 1 and 2).

In-fill drilling to a 50-60 metre nominal spacing continues to outline the high-grade core of the Tabasco-Cayenne shear system which forms part of the larger shear corridor and has thus far been drilled over a strike length of 800 metres to a vertical depth of 1,000 metres. The high “metal factor” domain is characterized by intersections of good gold grades over significant widths, consistently measured in the tens of metres, as highlighted also by the recent intersection of 5.07 g/t Au over 100.60 metres in hole FA-20-181 (see Wallbridge Press Release dated November 19, 2020).

2020-2021 Drilling Program Update

In 2020, Wallbridge completed approximately 102,000 metres of exploration and resource drilling at Fenelon, achieving its 2020 target despite the temporary suspension of activities in the spring due to the COVID pandemic. For the majority of the year, six drill rigs were running and a seventh drill was mobilized to the project at the end of November.

In 2021, the Company is planning to complete approximately 170,000-metres of drilling, with a maiden resource estimate at Fenelon anticipated in the third quarter (see Wallbridge Press Release dated January 11, 2021). Approximately 10-15% of the drilling program will be devoted to regional exploration on the Company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend.

Currently, drilling is ramping up and by the end of January the Company will have nine drill rigs turning. Six drill rigs are targeting the Fenelon Gold System (Tabasco-Cayenne-Area 51 mineralization) to approximately 1,000 metre vertical depth, carrying out a combination of 75-100-metre step-outs and tighter-spaced (50-60-metre) in-fill drilling. An additional two drill rigs will be focusing on near surface, open pit resource drilling in the western portion of Area 51. One additional drill rig will be devoted to regional, grassroots exploration at various projects of the Company’s Detour-Fenelon Gold Trend land package.

Final assay results for four of the five wedge cuts of the 2020 exploration drill program are reported in the Tables and Figures below, with FA-19-086-W5 pending infill samples that were added after the initial sampling of the hole. All figures and a table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at https://www.wallbridgemining.com/s/fenelon.asp.

Figure 1. Fenelon Gold, Tabasco Long Section

https://www.globenewswire.com/NewsRoom/AttachmentNg/c3e9c8cb-d469-4a66-b0a6-a229e9fbca10

Figure 2. Fenelon Gold, FA-19-086 and -094 Wedging Program, Plan View and Cross Section

https://www.globenewswire.com/NewsRoom/AttachmentNg/74332641-c122-4758-87e5-2076c97451d8

Table 2. Wallbridge Fenelon Gold Property 2020 Drill Assay Highlights ⁽ ¹ ⁾
Drill Hole	From	To	Length	Au	Au Cut-off ⁽²⁾	VG ⁽³⁾	Zone/Corridor	Section
	*(m)*	*(m)*	*(m)*	*(g/t)*	*(g/t)*
FA-19-086-W1	477.50	492.00	14.50	1.27	1.27		Contact Zone	10200
Including…	485.00	492.00	7.00	2.11	2.11		Contact Zone	10200
FA-19-086-W2	481.80	488.70	6.90	4.21	4.21	VG	Contact Zone	10200
Including…	483.45	484.05	0.60	18.85	18.85	VG	Contact Zone	10200
And…	487.70	488.70	1.00	11.40	11.40		Contact Zone	10200
FA-19-086-W2	512.50	515.00	2.50	9.50	9.50	VG	Tabasco	10200
Including…	513.20	514.10	0.90	22.30	22.30	VG	Tabasco	10200
FA-19-086-W2	527.30	528.30	1.00	7.56	7.56	VG	Tabasco	10200
FA-19-086-W2	634.00	660.00	26.00	1.73	1.73	VG	Tabasco	10200
Including…	647.90	652.00	4.10	6.51	6.51	VG	Tabasco	10200
FA-19-086-W2	710.50	716.00	5.50	5.63	5.63		Cayenne	10200
Including…	712.00	713.00	1.00	25.00	25.00		Cayenne	10200
FA-19-086-W3	477.00	487.00	10.00	2.29	2.29	VG	Contact Zone	10200
Including…	486.00	487.00	1.00	18.40	18.40	VG	Contact Zone	10200
FA-19-086-W3	510.50	521.50	11.00	1.03	1.03	VG	Tabasco	10200
Including…	520.50	521.50	1.00	5.91	5.91	VG	Tabasco	10200
FA-19-086-W3	579.00	603.00	24.00	1.29	1.29	VG	Tabasco	10200
Including…	592.00	594.00	2.00	6.78	6.78	VG	Tabasco	10200
FA-19-086-W3	627.35	648.90	21.55	3.11	3.11	VG	Tabasco	10200
Including…	637.05	648.90	11.85	5.16	5.16	VG	Tabasco	10200
FA-19-086-W4	482.00	497.00	15.00	1.60	1.60		Contact Zone	10200
Including…	493.00	494.00	1.00	14.00	14.00		Contact Zone	10200
FA-19-086-W4	538.50	542.10	3.60	1.76	1.76		Tabasco	10200
Including…	538.50	539.50	1.00	5.21	5.21		Tabasco	10200
FA-19-086-W4	600.00	629.00	29.00	1.45	1.45	VG	Tabasco	10275
Including…	603.00	606.60	3.60	5.14	5.14	VG	Tabasco	10275
And…	609.70	614.00	4.30	1.89	1.89	VG	Tabasco	10275
And…	628.00	629.00	1.00	7.11	7.11		Tabasco	10275
FA-19-086-W4	708.40	711.00	2.60	3.95	3.95		Cayenne	10275
Including…	709.90	711.00	1.10	6.49	6.49		Cayenne	10275
FA-19-086-W5	612.00	638.40	26.40	5.00	5.00	VG	Tabasco	10200
Including…	622.00	636.50	14.50	8.40	8.40	VG	Tabasco	10200
Which Includes…	625.80	626.30	0.50	133.50	133.50	VG	Tabasco	10200
FA-19-086-W5	712.50	727.00	14.50	1.24	1.24	VG	Cayenne	10200
Including…	721.60	723.60	2.00	2.75	2.75	VG	Cayenne	10200

_{⁽¹⁾ Table includes only assay results received since the latest press release dated Dec 10, 2020.}

_{⁽²⁾ Au cut at 140 g/t.}

_{⁽³⁾ Intervals containing visible gold (“VG”).}

_{Note: True widths are estimated to be 50-80% of the reported core length intervals.}

Assay QA/QC and Qualified Persons

Drill core samples from the ongoing drill program at Fenelon are cut and bagged either on site or by contractors and transported to either SGS Canada Inc. or ALS Canada Ltd. for analysis. Samples, along with standards, blanks and duplicates included for quality assurance and quality control, were prepared and analyzed at SGS Canada Inc. or ALS Canada Ltd. laboratories. Samples are crushed to 90% or 95% less than 2mm. A 1kg riffle split is pulverized to >95% passing 106 microns or 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS. At SGS, samples >10g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.

The Qualified Person responsible for the technical content of this press release is Christopher Kelly, P.Geo., B.Sc., Senior Geologist of Wallbridge.

About Wallbridge Mining

Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold property, which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully-funded 170,000-metre drill program and 10,000-metre, two-year underground development program in 2021. The Company intends to complete a maiden resource on the Fenelon Gold System in the third quarter of 2021.

Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge’s land holdings in Québec along the Detour-Fenelon Gold Trend is over 900km², improving Wallbridge’s potential for further discoveries for over 90-kilometre strike length in this under-explored belt.

Wallbridge is also the operator of, and a shareholder in, Lonmin Canada Inc., a privately-held company with a large portfolio of nickel, copper, and platinum-group metals (PGM) projects in Ontario’s Sudbury Basin.

This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited.

For further information please visit the Company’s website at www.wallbridgemining.com or contact:

Wallbridge Mining Company Limited

Marz Kord, P. Eng., M. Sc., MBA
President & CEO
Tel: (705) 682-9297 ext. 251
Email: [email protected]

Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor
Email: [email protected]

This press release may contain certain “forward-looking statements” within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of Wallbridge Mining Company Limited (“Wallbridge” or “Company”) and the environment within which it operates. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Wallbridge, future opportunities and anticipated goals, the Company’s portfolio, treasury, management team, timetable to mineral resource estimation, permitting and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, “potential”, “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. 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.

By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. These risks and uncertainties include, but are not limited to, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval, the actual results of current exploration activities, fluctuations in prices of commodities, fluctuations in currency markets, actual results of additional exploration and development activities at the Company’s projects, capital expenditures, the availability of any additional capital required to advance projects, accidents, or pandemic interruptions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors as actual results may vary.

Risks and uncertainties about Wallbridge’s business are more fully discussed in the disclosure material filed with the securities regulatory authorities in Canada and available on SEDAR under the Company’s profile at www.sedar.com. Readers are urged to read these materials and should not place undue reliance on the forward-looking statements contained in this press release.

Covid-19 – Given the rapidly evolving nature of the Coronavirus (COVID-19) pandemic, Wallbridge is actively monitoring the situation in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wallbridge’ activities will continue to align with the guidance provided by local, provincial and federal authorities in Canada. The Company has established measures to continue normal activities while protecting the health of its employees and stakeholders. Depending on the evolution of the virus, measures may affect the regular operations of Wallbridge and the participation of staff members in events inside or outside Canada.

January 13, 2021 7:34 am

Transformational approach to client partnerships drive record large deals of $7.13bn in Q3

PR Newswire

– Breakthrough year of performance continues with 6.6% YoY CC growth in Q3

– Digital crosses 50% of revenues

BENGALURU, India, Jan. 13, 2021 /PRNewswire/ — Infosys (NSE: EQINFY) (BSE: 500209) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered its highest Q3 sequential growth of 5.3% in 8 years in constant currency. On a year on year basis, revenues grew by 6.6%, digital revenues grew by 31.3% and overall digital revenue crossed more than half of total revenues. Large deal TCV was at all time high of $7.13bn with 73% being net new. Strong and steady operating margin at 25.4%. Revenue and margin guidance band increased to 4.5%-5.0% and 24.0%-24.5% respectively on the back of continued strong performance.

“The Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry. The scale of new client partnerships with leading global companies such as Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys. The commitment and skills of our employees to support and drive the digital journey of clients are matters of great pride for me”, said Salil Parekh, CEO and MD. “With the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, I remain confident about the future.”

$7.13bn
31.3% YoY 6.6%YoY 25.4% 16.5% YoY
Large deal signings Digital CC growth CC growth Operating margin Increase in EPS (INR terms)

Q3 revenues grew year-on-year by 8.4% in USD; grew by 6.6% in constant currency
Digital revenues cross 50% of total revenue, year-on-year growth of 31.3% in constant currency
Q3 operating margin at 25.4%, year-on-year increase of 350 bps
Robust Q3 net profit at $705 million, year-on-year growth of 12.6%
Continued strong Q3 free cash flow at $772 million, year-on-year growth of 15.1%; FCF conversion at 109.0% of net profit
Q3 voluntary attrition for IT services declined to 10.0% from 15.8% in Q3 20
Year-to-date revenues grew by 3.5% in constant currency
Year-to-date operating margin at 24.5%, an expansion of 310 bps
FY 21 revenue growth guidance increases to 4.5%-5.0% in constant currency
FY 21 operating margin guidance increases to 24.0%-24.5%

In Q3, Infosys further enhanced its digital investments in Infosys Cobalt – the cloud services, platforms and solutions portfolio launched last quarter. The company expanded the Infosys Cobalt portfolio by unveiling Infosys Modernization Suite to help enterprises modernize their legacy systems and Infosys Live Enterprise Application Management Platform to deliver cloud-powered, managed services for IT operations. Infosys Applied AI converges the power of AI, analytics and cloud to deliver new business solutions and perceptive experiences.

Infosys also reached a significant milestone in its ESG journey by becoming carbon neutral in 2020, thirty years ahead of 2050, the timeline set by the Paris Agreement. Infosys reiterated its commitment to Environment, Social and Governance causes by announcing its ESG 2030 vision and ambitions.

1.
Financial Highlights –Consolidated results under International Financial Reporting Standards (IFRS)

For the quarter ended December 31, 2020

Revenues were $3,516 million, growth of 8.4% YoY and 6.2% QoQ

Operating profit was $893 million, growth of 25.6% YoY and 6.4% QoQ

Basic EPS was $0.17, growth of 12.5% YoY and 7.9% QoQ

For nine months ended December 31, 2020

Revenues were $9,948 million, growth of 3.8% YoY

Operating profit was $2,441 million, growth of 19.1% YoY

Basic EPS was $0.45, growth of 10.6% YoY

“The resilience of Infosys has been severely tested over the past several quarters and I am delighted with our response marked by strong revenue performance, large deal wins, healthy operating metrics and continued low attrition,” said Pravin Rao, COO. “This outstanding performance has been made possible by reimagining Infosys, over the last three years, as a live enterprise with fully transformed digital infrastructure – Infosys Lex for learning, InfyMe for employee engagement, Infosys Meridian for collaboration, and Infosys DevSecOps platform to empower application teams to rapidly build and deploy new features. These highly differentiated systems and processes, redesigned for a digital-first world, are built on a strong foundation of robust connectivity to customer networks and fully secured personal devices. Not only does this give us an advantage in these times of distributed working but also a distinct long-term lead into the future.”

“Navigating your next strategy coupled with razor sharp focus on our operating model and efficiencies continues to deliver superior shareholder value creation,” said Nilanjan Roy, CFO. “I am also delighted with the announcement of Infosys ESG vision 2030 simultaneously with our climate neutrality achievement, a journey we had embarked on ten years ago. As a responsible corporate citizen, Infosys is committed to its vision of shaping and sharing solutions that serve the development of businesses and communities.”

2.
Client wins & Testimonials

The unstinting support extended to Infosys by clients motivates our teams to bring greater benefits of digital transformation and the best of Infosys to their business.

Infosys formed a strategic partnership with Daimler AG, one of the world’s most successful automotive companies, to support a technology-driven IT infrastructure transformation. Jan Brecht, Chief Information Officer, Daimler and Mercedes-Benz, said, “Software becomes modular and IT infrastructure becomes big. Daimler will take three steps at once to transform its IT infrastructure: consolidation, scaling and modernization. We need to think infrastructure beyond the size of our company. With Infosys we found a partner to scale, to innovate and to speed up. Moreover, this is a strategic partnership for Daimler’s IT capabilities and Infosys’ automotive expertise. Infosys wants to grow with us in the automotive industry, which gives career opportunities for our employees. With this partnership, Daimler also strengthens its overall technology investment and partnership strategy.”
Infosys was selected by El Paso Water, a municipal utility in El Paso, Texas, to transform its legacy customer information systems (CIS) with Oracle Utilities Customer to Meter (C2M). Marcela Navarrete, Vice President at EPWater, said, “This is an ambitious undertaking with multiple system upgrades simultaneously, but it’s a necessary project to help us make a leap forward to improve both efficiency and customer satisfaction.”
Infosys partnered with Rolls-Royce, one of the world’s leading aerospace and defence technology companies, for sourcing engineering and R&D Services for Rolls-Royce’s Civil Aerospace business. Kishore Jayaraman, President, Rolls-Royce India & South Asia, said, “India has grown to become a key contributor to the Rolls-Royce global engineering ecosystem, delivering high levels of technical capability to support a broad range of complex business demands. Our vision is to continue this high capability engineering work in India, in partnership with Infosys. Infosys has been a valued partner to Rolls-Royce for many years, and we now look forward to building on this strategic partnership to secure the full range of our engineering capabilities here, while ensuring future growth potential for our engineering talent. We are committed to India and remain positive about the long-term prospects in this market.”
Resimac, a leading non-bank lender in Australia and New Zealand, selected Infosys Finacle’s Digital Banking SaaS to achieve end-to-end digital modernization for providing enhanced customer experience across all its brands in Australia and New Zealand. Scott McWilliam, Chief Executive Officer, Resimac, said, “At Resimac, we are engineering for the future. Our ‘customer first’ digital strategy recognizes that lending in the future will look fundamentally different from today. Our partnership with Infosys Finacle will enable us to seamlessly adapt to the dynamic and complex lending landscape, while serving our customers’ financial needs in a secure manner. We are confident that Finacle’s solutions delivered on the cloud will accelerate our transformation into a digital-first lender and help deliver a range of multi-accessible, flexible and innovative financial solutions.”
Mobile Health AG, a Switzerland-based Health Tech startup, selected Infosys to enhance the go-to-market (GTM) strategy for its electronically patient-reported outcomes (ePRO) platform, Consilium Care™. Frank Gulitz, CIO, Mobile Health AG, said, “After a rigorous selection process we selected Infosys as strategic partner for our Cloud Provider Due Diligence, the global setup of Microsoft Azure, as well as partner for the Infrastructure Operation and Platform Application Managed Service. Infosys was leading against competitors by their well-established Cloud Management Services combined with strong Security Consulting Offerings and Health Industry Insight. We are looking forward to commonly develop new markets for Consilium Care™, our award winning CE-marked platform.”
“We embarked on our finance transformation journey in 2018 with an aspiration to save and automate one million hours of manual work. We have now achieved this goal with the help of Infosys BPM in enabling digital transformation. This is among the largest and most complex automation programs undertaken, and the collaborative efforts between the Philips and Infosys BPM teams was key for the success of the program. Infosys BPM defined and implemented the automation program, with formal design principles to standardize and automate the selected use cases. The AssistEdge RPA platform (EdgeVerve) from Infosys was leveraged to enable digital workers deployed globally with bots concurrently managing finance processes, including complex record-to-report month-end reconciliations” – Abhijit Bhattacharya, Chief Financial Officer, Member of the Executive Committee, Royal Philips, a global leader in health technology.

Awards & Recognitions

Ranked as a leader in The Forrester Wave™: Multicloud Managed Services Providers, Q4 2020
Rated as a leader in Everest – System Integrator (SI) Capabilities on Google Cloud Platform (GCP) Services PEAK Matrix® Assessment 2021 NEW
Positioned as a leader in Everest – System Integrator (SI) Capabilities on Microsoft Azure Services PEAK Matrix® Assessment 2021
Rated as a leader in Everest – System Integrator (SI) Capabilities on Amazon Web Services (AWS) Compendium 2021
Positioned as a leader in NelsonHall – Cloud Infrastructure Brokerage, Orchestration & Management 2020
Ranked as a leader in Everest – ServiceNow Services PEAK Matrix Assessment 2021
Ranked as a leader in IDC MarketScape: Asia/Pacific Salesforce Implementation Services 2020 Vendor Assessment
Positioned as a leader in IDC MarketScape: Worldwide Professional Services Firms for Mining Operational Process Optimisation 2020 Vendor Assessment
Ranked as a leader in HFS Research Top 10 Healthcare Sector Service Providers
Positioned as a leader in Everest – Next-generation Application Management Services PEAK Matrix® Assessment 2021
Ranked as a leader in Gartner Magic Quadrant for Application Testing Services, Worldwide
Ranked as a leader in IDC MarketScape: Worldwide Retail Commerce Platform Service Providers 2020 Vendor Assessment
Positioned as a leader in IDC MarketScape: Worldwide Headless Digital Commerce Applications 2020-2021 Vendor Assessment
Positioned as a leader in IDC MarketScape: Worldwide Manufacturing Service Life-Cycle Management Systems Integrators/Business Process Outsourcing 2020 Vendor Assessment
Positioned as a leader in IDC MarketScape Worldwide Oracle Cloud Implementation Services
Positioned as a leader in Everest – Application and Digital Services in Capital Markets PEAK Matrix 2020
Won 1st Runner up for Excellence in Diversity & Inclusion in SHRM HR Excellence Awards
Infosys Finacle was awarded ‘Best Use of IT in Corporate Banking with Bank of the West BNP Paribas’
Infosys Finacle received the award for ‘Most Impactful Project in the use of Blockchain in Banking: Infosys Finacle and Royal Bank of Scotland‘
Infosys achieved over 1,000 Mulesoft certifications. As a strategic MuleSoft partner, Infosys is committed to helping mutual customers accomplish cloud-first outcomes in transforming legacy apps, modernizing integration on cloud, developing digital apps, and building API-led ecosystems

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

“Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.”

Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: *(Dollars in millions)*

	December 31, 2020	March 31, 2020
ASSETS
Current assets
Cash and cash equivalents	3,022	2,465
Current investments	454	615
Trade receivables	2,629	2,443
Unbilled revenue	1,050	941
Other Current assets	832	748
Total current assets	7,987	7,212
Non-current assets
Property, plant and equipment and Right-of-use assets	2,483	2,361
Goodwill and other Intangible assets	1,155	950
Non-current investments	1,094	547
Other non-current assets	1,150	1,190
Total non-current assets	5,882	5,048
Total assets	13,869	12,260
LIABILITIES AND EQUITY
Current liabilities
Trade payables	339	377
Unearned revenue	544	395
Employee benefit obligations	278	242
Other current liabilities and provisions	1,905	1,743
Total current liabilities	3,066	2,757
Non-current liabilities
Lease liabilities	600	530
Other non-current liabilities	342	272
Total non-current liabilities	942	802
Total liabilities	4,008	3,559
Total equity attributable to equity holders of the company	9,800	8,646
Non-controlling interests	61	55
Total equity	9,861	8,701
Total liabilities and equity	13,869	12,260

Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: *(Dollars in millions except per equity share data)*

	3 months ended December 31, 2020	3 months ended December 31, 2019	9 months ended December 31, 2020	9 months ended December 31, 2019
Revenues	3,516	3,243	9,948	9,583
Cost of sales	2,275	2,159	6,471	6,420
Gross profit	1,241	1,084	3,477	3,163
Operating expenses:
Selling and marketing expenses	156	169	459	502
Administrative expenses	192	204	577	612
Total operating expenses	348	373	1,036	1,114
Operating profit	893	711	2,441	2,049
Other income, net⁽³⁾	77	110	203	294
Profit before income taxes	970	821	2,644	2,343
Income tax expense	263	194	718	597
Net profit (before minority interest)	707	627	1,926	1,746
Net profit (after minority interest)	705	626	1,916	1,741
Basic EPS ($)	0.17	0.15	0.45	0.41
Diluted EPS ($)	0.17	0.15	0.45	0.41

NOTES:

^{_1.

_{The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and nine months ended December 31, 2020 which have been taken on record at the Board meeting held on January 13, 2021.}}
^{_{2.

A Fact Sheet providing the operating metrics of the Company can be downloaded from

www.infosys.com}

_.}
^{_{3.

Other Income includes Finance Cost.}}

Download the INR & Factsheet link here – https://www.infosys.com/investors/reports-filings/quarterly-results.html

View original content:http://www.prnewswire.com/news-releases/transformational-approach-to-client-partnerships-drive-record-large-deals-of-7-13bn-in-q3–301207481.html

SOURCE Infosys

January 13, 2021 7:33 am

Nextech CEO Evan Gappelberg and Former MSFT President, Hareesh Achi, to Present on Proactive Investors Livestream, Thursday, January 14, 2021

Nextech CEO Evan Gappelberg and Former MSFT President, Hareesh Achi, to Present on Proactive Investors Livestream, Thursday, January 14, 2021

VANCOUVER, British Columbia–(BUSINESS WIRE)–Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR) (FSE: N29), a leading provider of augmented reality (AR) and virtual experience technologies (VXT) and services for 3D ads, eCommerce, education, conferences, and events is pleased to announce that Nextech CEO, Evan Gappelberg, will be presenting at a special Proactive Investors Livestream. Also joining the livestream will be former MSFT President Hareesh Achi, now President and Managing Director of the Nextech 3D/AR Ad Network.

Nextech’s live presentation will take place at:

11:30 AM EST on Thursday, January 14, 2021

Please click the link below to register for the Livestream:

CLICK TO REGISTER FOR LIVESTREAM

Tune in to listen to Evan Gappelberg, Nextech CEO, talk candidly about the current business trends he sees in the AR industry and what he is most excited about in 2021. Also, hear Hareesh Achi, President of Nextech’s advertising network, talk about why he left MSFT after 10 years to join Nextech and what he is focused on accomplishing in 2021 with Nextech’s new 3D ad network.

As part of the Company’s stock option plan, it has issued 65,000 3-year stock options exercisable at $5.80/share.

About Nextech AR

Nextech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to MarketsandMarkets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.

The company is pursuing four verticals:

Virtual Experience Platform (VXP): An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With Nextech’s VXP having augmented reality, AI, end-to-end encryption, and built-in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.

ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. Nextech has a ‘full funnel’ end-to-end eCommerce solution for the AR industry including its ARitize360 app for 3D product capture, 3D/AR ads, its ARitize white label app, its ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy.’

ARitize™ 3D/AR Advertising Platform:Launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.

ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.

On behalf of the Board of Nextech AR Solutions Corp.

“Evan Gappelberg”

CEO and Director

The NEO has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements of Nextech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such 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 and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005281/en/

Evan Gappelberg

Chief Executive Officer

[email protected]

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Technology Other Technology Audio/Video Telecommunications Mobile/Wireless Software Internet

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