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Generation Hemp Announces Closing of the Acquisition of Halcyon Thruput, LLC for ~$5.1 Million

DALLAS–(BUSINESS WIRE)–
Generation Hemp, Inc. (OTCPK: GENH), a Dallas-based Hemp company, announced today that it has completed the previously announced acquisition of 100% of the assets of Halcyon Thruput, LLC (“the Company”). Halcyon Thruput is a leading emerging company active in the Hemp sector that provides post-harvest and midstream services to growers by drying and processing harvested hemp directly from the field and wet-baled at the Company’s 48,000 square foot facility located in Hopkinsville, Kentucky. The drying services technology greatly increases efficiency and capacity during harvest for farmers who need to quickly move harvested hemp while preserving the cannabinoid potency by providing scalable infrastructure essential to receive and process hemp with high moisture content (“wet”) quickly. Additionally, the Company offers safe storage services for processed hemp, which enables farmers to maximize strategic market timing. The Company’s midstream business is fee income oriented, based upon a price per pound of material handled, and therefore is greatly protected from significant commodity price variations. The facility is able to process approximately 4,000 wet pounds per hour or up to 75,000 – 100,000 wet pounds per day in order to meet market demands as licensed and harvested hemp acreage continues to increase across Kentucky and additional states. The Company generated revenues for calendar year 2020 of approximately $4.0 million and EBITDA of approximately $1.5 million.

Transaction Highlights

• Generation Hemp, Inc., closes on prior Definitive Agreements to acquire 100 percent of the assets in Halcyon Thruput, LLC.
• The purchase price of the transaction was approximately $5.1 million, payable in $2.5 million of restricted common stock (valued at $0.40 per share) of Generation Hemp, Inc. (restricted from trading for up to one year), $1.75 million in cash, $850K in a promissory note guaranteed by Mr. Evans, and $1.0 million in assumption of existing indebtedness.
• As a condition of the agreement to acquire the Company, Jack Sibley and Watt Stephens, co-founders of Halcyon Thruput, will remain as officers and employees of the Company under binding employment agreements for a minimum term of three years and will also become officers of the parent company, Generation Hemp.

Commenting on the closing, Mr. Gary C. Evans, Chairman & CEO of Generation Hemp, Inc., stated, “We are very pleased to announce the final closing of this transaction during a difficult period for the Hemp industry and despite the Covid-19 epidemic. Our business model of acquiring and owning companies that are not commodity price driven within the Hemp space has proven to be the most conservative route. Management is working on two other acquisition transactions within the space that are similar, i.e., service fee income oriented. Additionally, we hope to expand our existing line of business further with the implementation of new animal bedding Hemp derived products.”

Jack Sibley, co-founder of Halcyon Thruput, LLC, stated, “We are excited about the expanded opportunities that Generation Hemp presents for our business and employees. Generation Hemp is a committed leader in the emerging hemp industry and partnering with experienced business innovators such as Gary Evans is pivotal to a strong, sustainable foundation for Halcyon’s next chapter.”

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” “proposes,” “should,” “likely” or similar expressions, indicates a forward-looking statement. These statements and all the projections in this press release are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward- looking information. The identification in this press release of factors that may affect the company’s future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005649/en/

Melissa Pagen

Generation Hemp, Inc.

Phone: 310-628-2062

Email: [email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Alternative Medicine Retail Health Tobacco Agriculture Natural Resources Pharmaceutical

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Amwell Psychiatric Care (APC) Launches to Support Hospitals and Health Systems Address the Behavioral Health Gap

Asana Integrated Medical Group, which supports APC, Earns Accreditation from The Joint Commission

BOSTON–(BUSINESS WIRE)–Amwell®, (NYSE: AMWL) a national telehealth leader, today announced the launch of Amwell Psychiatric Care, a solution that provides hospitals and health systems with on-demand and scheduled telepsychiatry services. The solution addresses the growing need for behavioral healthcare across the U.S. APC offers behavioral health support and clinical expertise from Asana Integrated Medical Group, which became part of Amwell in 2019 as part of its acquisition of Aligned Telehealth. Asana Integrated Medical Group has been recognized with The Joint Commission’s Gold Seal of Approval® for Behavioral Healthcare Accreditation, making it one of just a few virtual care organizations to receive this honor for behavioral health. This designation exemplifies the company’s continued commitment to delivering quality patient care.

“We are facing a behavioral health epidemic, exacerbated by a shortage of care professionals to meet patient needs. With Amwell Psychiatric Care we are addressing this problem head-on by bolstering the preparedness and resources of hospitals and health systems – the channels most overwhelmed by individuals suffering from mental illness and representing the largest cost burden to our health system,” said Dr. Peter Antall, Chief Medical Officer, Amwell. “It’s an honor to have our commitment to quality care in this space recognized by The Joint Commission and we look forward to continuing to enrich and expand our behavioral and psychiatric care offerings.”

With a focus on hospital and healthcare facility-based telepsychiatry services, APC offers 24/7 coverage by board-certified psychiatrists with industry-leading response times. APC aims to improve Emergency Department throughput, help health systems avoid costly admissions or transfers, and expedite patient discharge by rapidly evaluating psychiatric patients. APC enables psychiatrists to promptly assess and treat psychiatric patients via telehealth, empowering other health system providers to be able to remain focused on medically critical patients.

“As a private accreditor, The Joint Commission surveys health care organizations to protect the public by identifying deficiencies in care and working with those organizations to correct them as quickly and sustainably as possible,” says Mark Pelletier, RN, MS, chief operating officer, Accreditation and Certification Operations, and chief nursing executive, The Joint Commission. “We commend Asana Integrated Medical Group for its continuous quality improvement efforts in patient safety and quality of care.”

The Joint Commission’s standards are developed in consultation with health care experts and providers, measurement experts and patients. They are informed by scientific literature and expert consensus to help health care organizations measure, assess, and improve performance. The surveyors successfully conducted virtual surveys of healthcare organizations, mirroring Amwell’s commitment to virtual care by interviewing staff, conducting tracers of health records, and evaluating all required elements of performance while maintaining the safety of participants during the Covid-19 period. For more information, please visit The Joint Commission website.

For more information about Amwell Psychiatric Care, please visit https://business.amwell.com/amwell-psychiatric-care/.

About Amwell

Amwell is a leading telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that digital care delivery will transform healthcare. The Company offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 2,000 hospitals and 55 health plan partners with over 36,000 employers, covering over 80 million lives. For more information, please visit https://business.amwell.com/.

American Well and Amwell are registered trademarks or trademarks of American Well Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.

Forward-Looking Statements

This press release contains forward-looking statements about us and our industry that involve substantial risks and uncertainties and are based on our beliefs and assumptions and on information currently available to us. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations, financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” or “would,” or the negative of these words or other similar terms or expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements represent our beliefs and assumptions only as of the date of this release. These statements, and related risks, uncertainties, factors and assumptions, include, but are not limited to: weak growth and increased volatility in the telehealth market; inability to adapt to rapid technological changes; increased competition from existing and potential new participants in the healthcare industry; changes in healthcare laws, regulations or trends and our ability to operate in the heavily regulated healthcare industry; our ability to comply with federal and state privacy regulations; the significant liability that could result from a cybersecurity breach; and other factors described under ‘Risk Factors’ in the prospectus for our IPO filed with the SEC. These risks are not exhaustive. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Further information on factors that could cause actual results to differ materially from the results anticipated by our forward-looking statements is included in the reports we have filed or will file with the Securities and Exchange Commission. These filings, when available, are available on the investor relations section of our website at investors.amwell.com and on the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005144/en/

Media Contact:

Holly Spring

[email protected]

781.888.8219

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Technology Mental Health Mobile/Wireless Hospitals Telecommunications Audio/Video Networks Health General Health

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Study Shows Financial Services Organizations’ Push Towards Hybrid Cloud Model is Built On Private Cloud Investments

43% of Financial Services Companies Globally Plan to Increase Their Investment in Private Cloud Over the Next Year

SAN JOSE, Calif.–(BUSINESS WIRE)–Nutanix (NASDAQ: NTNX), a leader in private cloud, hybrid and multicloud computing, today announced the financial services industry findings of its third annual Enterprise Cloud Index Report, measuring organizations’ plans for adopting private, hybrid and public clouds. The findings point to a digital transformation within the industry, with half of respondents (50%) reporting that COVID-19 caused them to increase their investment in hybrid cloud.

In the industry’s five-year outlook, hybrid cloud is the only IT model showing positive growth among financial company respondents, and it is expected to increase by 39% in that timeframe. In addition, 43% of financial services companies plan to increase their investment in private cloud over the next year, 10% higher than the global average (33%) – pinpointing that private cloud adoption is crucial to creating a modern hybrid cloud.

Other key findings of this year’s report include:

• Security concerns are driving private cloud adoption: Financial services organizations ranked security, privacy, and compliance issues as the most concerning when running applications within public cloud solutions (62%). Respondents were less concerned with public cloud capacity (30%), showing that while public cloud has the capabilities to support IT infrastructures, the security of sensitive data is non-negotiable, and organizations are looking for alternative solutions.
• Investment in hyperconverged infrastructure shows the industry’s confidence in private cloud: Nearly 50% of financial sector respondents say they’ve either fully deployed HCI or are in the process of doing so, while 38% report they will be deploying HCI within the next 12 to 24 months. This investment is directly aligned with increased private cloud adoption, as HCI reduces the time it takes to build the software-defined, scalable infrastructure necessary to support private cloud.
• Financial services organizations are looking to optimize their cloud usage: The sector’s top motivations for modernizing its IT infrastructure is to gain greater control of IT resource usage (59%) and to gain the speed (58%), and flexibility needed (55%) to meet business requirements.
• The industry must invest in talent to support a hybrid cloud environment: More than a third of financial services respondents (36%) said they were short on skills needed to manage mixed private/public cloud environments, while 34% said they lacked expertise in cloud-native technologies and containers, including Kubernetes. These issues have contributed to organizational struggles to fully adopt hybrid cloud.

“Historically, financial services organizations have explored public cloud offerings when decommissioning legacy datacenters,” said Tapan Mehta, Director, Industries Solution Marketing at Nutanix. “However, as the industry continues to place greater interest in data privacy and compliance issues, organizations are turning to the private cloud. This rapid increase in private cloud adoption serves as the basis for a hybrid cloud model, which is expected to become the industry norm over the next few years.”

The 2020 respondent base spanned multiple industries, business sizes, and the following geographies: the Americas; Europe, the Middle East, and Africa (EMEA); and the Asia-Pacific (APJ) region.

To learn more about the financial services findings, please download the report here.

About Nutanix

Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments. Learn more at www.nutanix.com or follow us on Twitter @nutanix.

© 2021 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This release may contain links to external websites that are not part of Nutanix.com. Nutanix does not control these sites and disclaims all responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of any content on such a site. Certain information contained in this press release may relate to or be based on studies, publications, surveys and other data obtained from third-party sources and our own internal estimates and research. While we believe these third-party studies, publications, surveys and other data are reliable as of the date of this press release, they have not independently verified, and we make no representation as to the adequacy, fairness, accuracy, or completeness of any information obtained from third-party sources.

This release may contain express and implied forward-looking statements, which are not historical facts and are instead based on our current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond our control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, we assume no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005141/en/

Nutanix

Lia Bigano

(408) 708-1003, Extension – 12636

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Data Management Banking Accounting Technology Professional Services Security Software Other Professional Services Networks Internet Finance

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Posted on January 12, 2021 9:03 am

L3Harris Technologies Demonstrates Antenna Technology for US Space Force Satellite Communications

L3Harris Technologies Demonstrates Antenna Technology for US Space Force Satellite Communications

Highlights:

• Integrates advanced antenna solution with legacy U.S. Air Force Satellite Control Network
• Confirms live contacts with DOD satellites for downlink, uplink and orbital ranging
• Leverages L3Harris’ proven technology in designing and building space systems

MELBOURNE, Fla.–(BUSINESS WIRE)–
L3Harris Technologies (NYSE:LHX) has successfully completed a technology demonstration, under a Defense Innovation Unit prototype contract, for the U.S. Space Force satellite communication system to improve communications with the agency’s growing number of satellites.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210112005106/en/

L3Harris developed a Multi-Band Multi-Mission (MBMM) phased array ground antenna system and integrated it with the Space Force’s Satellite Communication Network system in order to demonstrate multiple simultaneous satellite contacts. (Graphic: Business Wire)

L3Harris developed a Multi-Band Multi-Mission (MBMM) phased array ground antenna system and integrated it with the Space Force’s Satellite Communication Network system in order to demonstrate multiple simultaneous satellite contacts. Traditional parabolic or radio antennas can contact only one satellite at a time.

The MBMM system’s all-digital architecture established 16 simultaneous contacts during the demonstration. The system can scale up to support hundreds of concurrent satellite connections from a single phased array antenna system, reducing the physical footprint needed for ground antennas and lowering the infrastructure cost per satellite contact.

“L3Harris developed an all-digital phased array antenna technology to meet the enormous ground system capacity demands created by the increasing number of satellite missions,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “This successful demonstration from L3Harris readies our nation with a capable and affordable advanced satellite communications approach today for the further proliferation of satellites in the near future.”

The L3Harris demonstration successfully confirmed live contacts with Space Force satellites across multiple orbital regimes at Schriever Air Force Base in Colorado.

“The MBMM demonstrations were a complete success that showcased the advancements in phased array technology and relevance for satellite command and control with live DOD systems. It has reinvigorated interest in the MBMM program as a key part of the overall space architecture,” said Col. Wallace “Rhett” Turnbull III, Director, Cross Mission Ground and Communications Enterprise, Space and Missile Systems Center. “Capabilities like those recently demonstrated may play an important role in meeting the growing demand for satellite control capacity by providing more affordable and resilient access to Space Force satellite systems.”

L3Harris performed the successful demonstration with support from Kratos Defense & Security Solutions, Inc. and Mercury Systems.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about system capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005106/en/

Irene Lockwood

Space and Airborne Systems

[email protected]

585-465-3592

Sara Banda

Corporate

[email protected]

321-674-4498

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Engineering Defense Satellite Technology Aerospace Manufacturing Other Defense

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L3Harris developed a Multi-Band Multi-Mission (MBMM) phased array ground antenna system and integrated it with the Space Force’s Satellite Communication Network system in order to demonstrate multiple simultaneous satellite contacts. (Graphic: Business Wire)

Cabot Corporation Announces Retirement of Mark Wrighton from Board of Directors

BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) announced the upcoming retirement of Mark S. Wrighton from its Board of Directors. Mr. Wrighton, who has served as a director of Cabot since 1997, is retiring from the Board when his current term of office expires effective at Cabot’s Annual Meeting of Stockholders to be held on March 11, 2021. He currently serves as a member of the Compensation Committee and during his tenure on Cabot’s Board, Mr. Wrighton has also served on the Board’s Safety, Health, Environment and Sustainability Committee.

“Mark has provided insightful guidance during his tenure on the Cabot Board of Directors,” said Ms. Rataj, Non-Executive Chair of the Board. “We have benefitted greatly from Mark’s extensive scientific knowledge and understanding of complex technology, significant management and leadership experience and deep understanding of matters related to public company management and oversight. On behalf of everyone at Cabot and the Board, I extend our heartfelt gratitude to Mark for his many years of service to the Cabot Board and wish him all the very best.”

ABOUT CABOT CORPORATION

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005098/en/

Vanessa Craigie, Corporate Communications

[email protected]

+1.617.342.6015

Steve Delahunt, Investor Relations

[email protected]

+1.617.342.6255

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

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Bank of America to Report Fourth-Quarter 2020 Financial Results on January 19

CHARLOTTE, N.C.–(BUSINESS WIRE)–
As previously announced, Bank of America will report its fourth-quarter 2020 financial results on Tuesday, January 19. The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.

The news release, supplemental filing and investor presentation can be accessed in the following ways:

• Bank of America newsroom at https://newsroom.bankofamerica.com.
• Bank of America Investor Relations website at http://investor.bankofamerica.com.
• Business Wire’s news web page at http://www.businesswire.com/portal/site/home/news.

Investor Conference Call Information

For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the “Events & Presentations” section of the company’s Investor Relations website.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts.

www.bankofamerica.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005065/en/

Investors May Contact:

Lee McEntire, Bank of America

Phone: 1.980.388.6780

[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)

Phone: 1.212.449.3112

[email protected]

Reporters May Contact:

Jerry Dubrowski, Bank of America

Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)

[email protected]

Christopher P. Feeney, Bank of America

Phone: 1.980.386.6794

[email protected]

KEYWORDS: North Carolina United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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ACCO Brands Corporation Announces Fourth Quarter and Full Year 2020 Earnings Webcast

LAKE ZURICH, Ill.–(BUSINESS WIRE)–
ACCO Brands Corporation (NYSE: ACCO) today announced that it will release its fourth quarter and full year 2020 earnings after the market close on February 16, 2021. The Company will host a conference call and webcast to discuss the results on February 17 at 8:30 a.m. EST. The webcast can be accessed through the Investor Relations section of www.accobrands.com and will be available for replay.

About ACCO Brands Corporation

ACCO Brands Corporation (NYSE: ACCO) is one of the world’s largest designers, marketers and manufacturers of branded academic, consumer and business products. Our widely recognized brands include Artline^®, AT-A-GLANCE^®, Barrilito^®, Derwent^®, Esselte^®, Five Star^®, Foroni^®, GBC^®, Hilroy^®, Kensington^®, Leitz^®, Mead^®, PowerA^®, Quartet^®, Rapid^®, Rexel^®, Swingline^®, Tilibra^®, Wilson Jones^® and many others. Our products are sold in more than 100 countries around the world. More information about ACCO Brands, the Home of Great Brands Built by Great People, can be found at www.accobrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005056/en/

Christine Hanneman

Investor Relations

(847) 796-4320

Julie McEwan

Media Relations

(937) 974-8162

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Retail Office Products Other Manufacturing Manufacturing

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Royal Gold Presenting at the 24^th Annual CIBC Western Institutional Investor Conference

DENVER–(BUSINESS WIRE)–Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that management will present virtually at the 24^th Annual CIBC Western Institutional Conference.

Bill Heissenbuttel, President and CEO, will participate in a Royalty Panel discussion on Wednesday, January 20, from 4:10 p.m. to 5:15 p.m. ET (1:10 p.m. to 2:15 p.m. PT / 2:10 p.m. to 3:15 p.m. MT). The webcast may be accessed through the Company’s website under the Investors/Events and Presentations page.

Corporate Profile

Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2020, the Company owned interests on 189 properties on five continents, including interests on 41 producing mines and 17 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005205/en/

Alistair Baker

Vice President Investor Relations and Business Development

(720) 554-6995

KEYWORDS: Colorado United States North America Canada

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

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Royal Gold Provides Update on its Fiscal 2021 Second Quarter

DENVER–(BUSINESS WIRE)–Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 57,500 gold equivalent ounces¹ (“GEOs”) comprised of approximately 44,500 gold ounces, 461,000 silver ounces and 1,800 tonnes of copper related to its streaming agreements during its fiscal 2021 second quarter ended December 31, 2020 (“second quarter”). Second quarter stream sales were slightly higher than the previous guidance range of 52,000 to 57,000 GEOs. The Company had approximately 29,500 GEOs in inventory at the end of the second quarter consisting of 21,500 gold ounces, 485,000 silver ounces and 400 tonnes of copper. Inventory at the end of the second quarter was higher than the previous guidance range of 23,000 to 28,000 GEOs primarily due to timing of deliveries.

RGLD Gold AG’s average realized gold, silver and copper prices for the second quarter were $1,880 per ounce, $24.16 per ounce, and $6,995 per tonne ($3.17 per pound), respectively, compared to $1,897, $22.97, and $6,494 ($2.95), respectively, in the prior quarter ended September 30, 2020 (“first quarter”). Cost of sales was approximately $432 per GEO for the second quarter using the quarterly average silver-gold ratio of approximately 77 to 1 and copper-gold ratio of approximately 0.26 tonnes per ounce, compared to cost of sales of $389 per GEO in the first quarter. Cost of sales is specific to our streaming agreements and is the result of the Company’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.

Corporate Profile

Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2020, the Company owned interests on 189 properties on five continents, including interests on 41 producing mines and 17 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.

Forward-Looking Statements: This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include, among others, statements about second quarter operating results. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: a lower-price environment for gold, silver, copper, nickel or other metals; operating activities or financial performance of properties on which we hold stream or royalty interests, including variations between actual and forecasted performance, operators’ ability to complete projects on schedule and as planned, changes to mine plans and reserves, liquidity needs, mining and environmental hazards, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, or contractual issues involving our stream or royalty agreements; risks associated with doing business in foreign countries; our ability to identify, finance, value and complete acquisitions; adverse economic and market conditions; changes in laws or regulations governing us, operators or operating properties; changes in management and key employees; the impacts of the COVID-19 pandemic; and other factors described in our reports filed with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended June 30, 2020, and subsequent Forms 10-Q. Most of these factors are beyond our ability to predict or control. Forward-looking statements speak only as of the date on which they are made. We disclaim any obligation to update any forward-looking statements, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.

1. Gold equivalent ounces, or GEOs, is calculated by the Company as revenue (in total or by reportable segment) for a period divided by the average gold price for that same period.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005204/en/

Alistair Baker

Vice President Investor Relations and Business Development

(720) 554-6995

KEYWORDS: United States North America Canada Colorado

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

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Aspen Technology Appoints David Leitham as Senior Vice President and General Manager to Lead Pharmaceutical Industry Effort

BEDFORD, Mass.–(BUSINESS WIRE)–Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, has appointed David Leitham as Senior Vice President and General Manager to lead the company’s pharmaceutical industry growth strategy.

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David Leitham, Senior Vice President and General Manager at Aspen Technology (Photo: Business Wire)

Leitham has 25 years’ experience in the pharmaceutical industry and is responsible for expanding AspenTech’s footprint in the pharmaceuticals market, shaping the product and solution strategy and leading go-to-market efforts. He has demonstrated a track record of success integrating and transforming software businesses and products and growing them at double digits, while leading a software portfolio that drove over one billion dollars in connected sales. He brings significant expertise to AspenTech in mergers and acquisitions integration having worked on multiple integration efforts to transform businesses into high performing operations.

Leitham joins AspenTech from Thermo Fisher Scientific, where he was Vice President and General Manager responsible for a team that consistently delivered double-digit growth in software revenue. He also held roles at GlaxoSmithKline, where he served as Vice President, Information Engineering, Technology and Architecture; The Network Connection, where he served as Vice President, Software Engineering and Vice President, Application Development; and FAAC Incorporated, where he held several engineering positions.

“We believe that the pharmaceutical industry can continue to benefit from AspenTech’s current solution portfolio as it increases focus on operational excellence and accelerates its digitalization journey in manufacturing and across the enterprise. We see a significant opportunity to contribute to compliance with the regulatory requirements pharmaceutical companies must meet and to the value creation opportunities available through their ongoing digitalization efforts. Bringing David on board is an important step in helping them achieve these important objectives,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.

“AspenTech has an unrivaled reputation in the process manufacturing industries,” said Leitham. “That reputation has been earned through a relentless focus on meeting the needs of its customers, which I have long shared, and I am looking forward to enhancing that approach, along with our technology and expertise, to the pharmaceutical industry.”

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

© 2021 Aspen Technology, Inc. AspenTech and the Aspen leaf logo are trademarks of Aspen Technology, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005156/en/

Aspen Technology, Inc.

Andy Rodger

781-221-4252

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Data Management Health Technology Software Networks Pharmaceutical

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David Leitham, Senior Vice President and General Manager at Aspen Technology (Photo: Business Wire)