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APITech Announces Leadership Promotions: Craig Lindberg as Vice President and General Manager RF2M-US; David Cooper as Vice President and General Manager EIS and I&W

PR Newswire

MARLBOROUGH, Mass., Jan. 6, 2021 /PRNewswire/ — APITech™ (API Technologies Corp.), a leading provider of high-performance RF and microwave signal conditioning, and electromagnetic spectrum management solutions, announces the promotion of Craig Lindbergas Vice President and General Manager RF2M-US (Radio Frequency, Microwave, and Microelectronics) and David Cooperas Vice President and General Manager EIS (Electromagnetic Integrated Solutions) and I&W (Inmet and Weinschel) business units.  Both positions will report to APITech Chief Executive Officer Terrence Hahn.  

Craig Lindberg has an established and proven track record in APITech’s critical end markets of aerospace and defense, telecommunications, healthcare, and energy.  Craig has led the combined I&W business unit as Vice President and General Manager for the past 5 years with combined experience in leadership roles of over 30 years.  He has extensive experience leading global teams to develop and launch new products, expand the product portfolio, and drive customer performance while growing the business. 

David Cooper, who has been the Vice President and General Manager of EIS since joining the company in July 2020, will be increasing his responsibility to lead the I&W business unit as well.  Dave has over 25 years of experience in the performance materials industry and in driving growth in the development and supply of high-reliability, high-specification industries.  Both the EIS and I&W business units have a broad mix of custom and catalog solutions that are brought to market through strong customer alignment, distribution leverage, and digital marketing strategies.  David will lead best practice deployment across both businesses while expanding market penetration with a primary focus on aerospace and defense, wireless & telecommunications, and medical/industrial markets.

Ian Skiggs will continue to lead the RF2M-EMEIA (Radio Frequency, Microwave, and Microelectronics) and SSIA (Secure Solutions and Information Assurance) business units of APITech based in the United Kingdom.    

“Today’s announcement is about accelerating our growth strategy, execution and delivering results to further establish APITech as the electromagnetic spectrum innovator” said Terrence Hahn, Chief Executive Officer, “as both Craig and David have the proven background and performance to lead teams and deliver results for customers and stakeholders.”

About APITech

APITech™ (API Technologies Corp.) is an innovative designer and manufacturer of high performance systems, subsystems, modules, and components for technically demanding RF, microwave, millimeterwave, electromagnetic, power, and security applications. A high-reliability technology pioneer with over 70 years of heritage, APITechs’ products are used by global defense, industrial, and commercial customers in the areas of commercial aerospace, wireless communications, medical, oil and gas, electronic warfare, unmanned systems, C4ISR, missile defense, harsh environments, satellites, and space. APITech is a leader in space technologies, with Class H and K manufacturing facilities.

To learn more about APITech and our products visit www.apitech.com

Contact:
Dana Morris, APITech
+1 508-251-6483
[email protected]

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SOURCE API Technologies Corp.

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Euan Munro appointed chief executive officer of Newton Investment Management

PR Newswire

LONDON and NEW YORK, Jan. 6, 2021 /PRNewswire/ — Newton Investment Management (Newton), part of BNY Mellon Investment Management, announced today the appointment of Euan Munro as its chief executive officer (CEO), subject to Financial Conduct Authority (“FCA”) approval in the UK. Euan will join Newton on June 23, 2021 and will report to Hanneke Smits, CEO of BNY Mellon Investment Management.

Euan’s accomplished investment career spans three decades. Most recently, Euan was CEO of Aviva Investors and a member of the global executive committee for seven years. Under Euan’s leadership, Aviva Investors was transformed into a leading UK asset manager with total assets under management growing significantly. Prior to this, Euan was head of global multi-asset and fixed interest investing at Standard Life Investments. 

Commenting on Euan’s appointment, Hanneke Smits, chief executive officer of BNY Mellon Investment Management, said: “Euan is an exceptional leader with a proven track record in the investment industry and we are delighted that he will be joining Newton as its chief executive officer. His investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon.”


Euan Munro, chief executive officer designate of Newton, said, “This is an exciting time to be joining Newton – a global asset manager full of talented people, high quality investment solutions and an incredibly strong heritage in responsible investment. I’m looking forward to building upon this strong foundation and continuing to enhance Newton’s investment offering to help clients achieve their goals.”

Andrew Downs will continue as Newton’s interim CEO until Euan joins the company and receives approval from the FCA. Following this, Andrew will resume his role as chief operating officer of Newton. Andrew assumed the role of interim CEO of Newton in August when Hanneke Smitsbegan her transition to CEO of BNY Mellon Investment Management.

END


Note to editors


Euan Munro’s biography

Euan Munro joins Newton as CEO designate from Aviva Investors where he was chief executive officer and a member of the global executive committee for seven years. Prior to this, Euan spent nearly 20 years at Standard Life Investments (SLI) where he was head of multi-asset and fixed interest investing and was an active member of the company’s board. He joined SLI as an inflation linked fund manager from Scottish Provident in 1995. Euan has an undergraduate degree in Physics from the University of Edinburgh and is a Fellow of the Faculty and Institute of Actuaries. He is also a graduate of the Advanced Management Program at Wharton Business School, Philadelphia.

Newton Investment Management Limited (Newton) is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation. Newton is authorised and regulated by the UK’s Financial Conduct Authority and registered with the US Securities and Exchange Commission. Registered address, BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973. With assets under management of £44 billion as at 30 September 2020, Newton provides investment products and services to a wide range of clients, including pension funds, charities, corporations and (via BNY Mellon) individuals. News and other information about Newton is available at www.newtonim.com and via Twitter: @NewtonIM.

BNY Mellon Investment Management is one of the world’s largest investment managers, and one of the top U.S. wealth managers, with US$2 trillion in assets under management as of September 30, 2020. The firm is built around delivering to investors a “best of both worlds” approach: the expertise and capabilities of our individual investment managers, wedded to a global geographic footprint, and guided by an unshakable commitment to financial stewardship. BNY Mellon Investment Management encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies.

BNY Mellon Investment Management is a division of BNY Mellon, which maintains US$38.6 trillion in assets under custody and/or administration as of September 30, 2020. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

This press release is for informational purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Unless otherwise specified herein, all information sourced by BNY Mellon as of 06 January 2021.

Asmita
Kapadia
+44 20 7163 3238
[email protected] 


Courtney Woolston


+1 212 635 6027
[email protected] 

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SOURCE BNY Mellon Investment Management

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Synopsys-Sponsored CISQ Research Estimates Cost of Poor Software Quality in the US $2.08 Trillion in 2020

Many digital transformation efforts fail due to poor software engineering practices around insufficient computing performance, poor cybersecurity and unscalable architectures.

PR Newswire

MOUNTAIN VIEW, Calif., Jan. 6, 2021 /PRNewswire/ — Synopsys, Inc. (Nasdaq: SNPS) today announced the publication of The Cost of Poor Software Quality In the US: A 2020 Report. Co-sponsored by Synopsys, the report was produced by the Consortium for Information & Software Quality (CISQ), an organization which develops international standards to automate software quality measurement and promotes the development and sustainment of secure, reliable, and trustworthy software. The report’s findings reflect that the cost of poor software quality (CPSQ) in the US in 2020 was approximately $2.08 trillion. This includes poor software quality resulting from software failures, unsuccessful development projects, legacy system problems, technical debt and cybercrime enabled by exploitable weaknesses and vulnerabilities in software.

“As organizations undertake major digital transformations, software-based innovation and development rapidly expands,” said report author, Herb Krasner. “The result is a balancing act, trying to deliver value at high speed without sacrificing quality. However, software quality typically lags behind other objectives in most organizations. That lack of primary attention to quality comes at a steep cost. For this reason, this report offers specific recommendations to software engineers, project teams and organizational leaders to improve the quality of the software they use and build.”

Key findings from the report include:

  • Operational software failure is the leading driver of the total cost of poor software quality (CPSQ), estimated at $1.56 trillion. This figure represents a 22% increase since 2018. That number could be low given the meteoric rise in cybersecurity failures, and also with the understanding that many failures go unreported. Cybercrimes enabled by exploitable weaknesses and vulnerabilities in software are the largest growth area by far in the last 2 years. The underlying cause is primarily unmitigated software flaws.
  • Unsuccessful development projects, the next largest growth area of the CPSQ, is estimated at $260 billion. This figure has risen by 46% since 2018. There has been a steady project failure rate of ~19% for over a decade. The underlying causes are varied, but one consistent theme has been the lack of attention to quality. Research suggests that success rates go up dramatically when using Agile and DevOps methodologies, leading to decision latency being minimized.
  • The operation and maintenance of legacy software contributed $520 billion to the CPSQ. While this is down from $635 billion in 2018, it still represents nearly a third of the US’s total IT expenditure in 2020.

“As poor software quality persists on an upward trajectory, the solution remains the same: prevention is still the best medicine. It’s important to build secure, high-quality software that addresses weaknesses and vulnerabilities as close to the source as possible,” said Joe Jarzombek, Director for Government and Critical Infrastructure Programs at Synopsys. “This limits the potential damage and cost to resolve issues. It reduces the cost of ownership and makes software-controlled capabilities more resilient to attempts of cyber exploitation.”

Methodologies such as Agile and DevOps have supported the evolution of software development whereby software developers apply enhancements as small, incremental changes that are tested and committed daily, hourly, or even moment by moment into production. This results in higher velocity and more responsive development cycles, but not necessarily better quality. As DevSecOps aims to improve the security mechanisms around high-velocity software development, the emergence of DevQualOps encompasses activities that assure an appropriate level of quality across the Agile, DevOps, and DevSecOps lifecycle.

To learn more, download a copy of the The Cost of Poor Software Quality In the US: A 2020 Report, read our new blog post highlighting the report’s key takeaways, or register for the January 27webinar.

About the Synopsys Software Integrity Group  

Synopsys Software Integrity Group helps development teams build secure, high-quality software, minimizing risks while maximizing speed and productivity. Synopsys, a recognized leader in application security, provides static analysis, software composition analysis, and dynamic analysis solutions that enable teams to quickly find and fix vulnerabilities and defects in proprietary code, open source components, and application behavior. With a combination of industry-leading tools, services, and expertise, only Synopsys helps organizations optimize security and quality in DevSecOps and throughout the software development life cycle. Learn more at www.synopsys.com/software. 

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

Editorial Contact:

Mark Van Elderen

Synopsys, Inc.
650-793-7450
[email protected]

 

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SOURCE Synopsys, Inc.

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AXT Second Tranche Private Equity Investment in China Largely Complete

STAR Market IPO Process Summary Available on AXT’s Investor Relations Website

FREMONT, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) — AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that the second tranche of the private equity investment in its wafer manufacturing company in China, Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), was largely completed in December 2020.   The second tranche investment was originally scheduled to fund in January 2021. In December, seven private equity firms invested approximately $25 million in the second tranche. An additional $1.5 million is expected to be invested in January 2021, closing the second tranche at approximately $26.5 million. The first tranche, totaling approximately $22.5 million, funded in November 2020. Upon the completion of the final $1.5 million investment, the capital raise will total approximately $49 million in exchange for an approximately 7.28 percent minority interest in Tongmei.

AXT previously announced on November 16, 2020 a strategic plan to access China’s capital markets and progress to an initial public offering by Tongmei on the Shanghai Stock Exchange’s Sci-Tech innovAtion boaRd (the “STAR Market”). To qualify for a STAR Market listing, Tongmei is required to have multiple independent shareholders. The first major step in this process is engaging reputable private equity firms in China to invest funds in Tongmei.

“We are pleased that the second tranche participants accelerated the investment schedule,” said Morris Young, CEO. “Their strong support and enthusiasm underscore the exciting applications and customer opportunities for which we are preparing this year, and their investment is an important milestone in Tongmei’s progress toward a STAR Market IPO in 2022.”

The process of going public on the STAR Market includes several periods of review and, therefore, is a lengthy process. Tongmei does not expect to accomplish this goal until mid-2022. AXT has posted on its website a brief summary of the plan and the process. The listing of Tongmei on China’s STAR Market will not change the status of AXT, Inc. as a U.S. public company headquartered in Fremont, California. It will continue to be listed on the Nasdaq Global Select Market under the symbol AXTI.

About AXT, Inc.

AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company’s substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT’s worldwide headquarters are in Fremont, California where the company maintains its sales, administration and customer service functions.   AXT has manufacturing facilities in China and, as part of its supply chain strategy, has partial ownership in ten companies in China producing raw materials. For more information, see AXT’s website at http://www.axt.com.

Forward-Looking Statements

The foregoing paragraphs contain forward-looking statements within the meaning of the Federal securities laws, including, for example, statements regarding an additional $1.5 million that is expected to be invested in the second tranche in January 2021, completing other preliminary steps in connection with the proposed listing of shares of Tongmei on the STAR Market, being accepted to list shares of Tongmei on the STAR Market and the timing and completion of such listing of shares of Tongmei on the STAR Market. Additional examples of forward-looking statements include statements regarding the market demand for our products, our growth prospects and opportunities for continued business expansion, including technology trends and new applications, our market opportunity and ability to compete for business opportunities, elevating our manufacturing, enhancing our business processes and financial structure, our relocation and our expectations with respect to our business prospects and financial results. These forward-looking statements are based upon assumptions that are subject to uncertainties and factors relating to the company’s operations and business environment, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements contained in the foregoing discussion. These uncertainties and factors include, but are not limited to: the withdrawal, cancellations or requests for redemptions by private equity funds in China of investments in Tongmei, the timing of receipt of additional funds into Tongmei, the administrative challenges in satisfying the requirements of various government agencies in China in connection with the investments in Tongmei and the listing of shares of Tongmei on the STAR Market, continued open access to companies to list shares on the STAR Market, investor enthusiasm for new listings of shares on the STAR Market and geopolitical tensions between China and the United States. Additional uncertainties and factors include, but are not limited to, the timing and receipt of significant orders; the cancellation of orders and return of product; emerging applications using chips or devices fabricated on our substrates; end-user acceptance of products containing chips or devices fabricated on our substrates; our ability to bring new products to market; product announcements by our competitors; the ability to control costs and improve efficiency; the ability to utilize our manufacturing capacity; product yields and their impact on gross margins; the relocation of manufacturing lines and ramping of production; possible factory shutdowns as a result of air pollution in China; COVID-19 or other outbreaks of a contagious disease; tariffs and other trade war issues; the financial performance of our partially owned supply chain companies; policies and regulations in China; and other factors as set forth in the company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q and other filings made with the Securities and Exchange Commission. Each of these factors is difficult to predict and many are beyond the company’s control. The company does not undertake any obligation to update any forward-looking statement, as a result of new information, future events or otherwise.

Contacts:

Gary Fischer
Chief Financial Officer
(510) 438-4700

Leslie Green                
Green Communications Consulting, LLC
(650) 312-9060



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ReelTime Quarterly Revenues Increase Nearly 70% Over Previous Period and 25% Over Same Period 2019 Despite Covid Slowdown

Seattle, WA, Jan. 06, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ReelTime’s revenues from its core business in Q3 2020 have increased by nearly 70% over the previous period and approximately 25% over the same period last year. 

The revenues reported in the Company’s’ latest financials do not include any revenues from recently acquired Discount Ad Brokers (DAD) a 15-year-old media company operating within a unique niche of the advertising industry. Revenues from this and other completed acquisitions will be included in consolidated reports with the period beginning January 1st, 2021. 

Annual gross billings for (DAD) have averaged over $20 million per year over the last 3 years resulting in net placement revenues averaging $2.6 million per year.   Net Revenues have historically risen from, 4.2 million in 2018, to 5.1 million in 2019, yet are expected to be reduced to just over $1 million in 2020 due to an elimination of ads from restaurant and travel clients that have historically been a large percentage of the companies mainstay business. This has begun to shift and is intended to exceed past performance once restrictions on travel and dining are lifted as is expected early in 2021. There is a pent-up demand for travel and restaurant advertising – driven from both an industry and a consumer demand standpoint. Discount Ad Brokers have consistently been the agency of choice for discount media placements for notable marquis clients such as Hooters, Hard Rock Resorts International, Toys for Tots, Tony Robins, Glucose Health, SeaWorld, and numerous national brands within the hospitality, finance and As Seen On TV sectors, generating over 30 million dollars in revenues  from these accounts which will be maintained in accordance with the agreement. 

Barry Henthorn, CEO, stated: “The Company believes it has filed all required financial disclosures and expects to achieve Current status within days subject to review by all applicable regulators.”

ReelTime has formally submitted an application as a Seasoned Company Seeking to Transfer Equity and/or Debt Securities from Another U.S. Exchange to be listed on the NASDAQ Capital Market Exchange. The application has been logged in the NASDAQ Listing Center, all applicable fees have been paid, and a listing analyst has been assigned to ReelTime to assist throughout the process. In addition, the request for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade under once the Company has met all quantitative and qualitative criteria, including certain corporate governance requirements has been approved.

ReelTime will continue to submit additional information and documentation as it is required based on comments from its assigned Listing Analyst and others at NASDAQ who will be assisting ReelTime, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300 and or any other applicable regulatory requirements. ReelTime will also need to adhere to the corporate governance standards set by NASDAQ. In addition, ReelTime must comply with NASDAQ’s requirements relating to audit committees, the director nomination process, the compensation of officers, board composition, executive sessions, quorum, and code of conduct among others. 

ReelTime will continue to trade on the OTC Markets under the symbol (OTC:RLTR) throughout the process and up until the move to the NASDAQ Capital Market becomes effective at which time the ticker symbol will become (NASDAQ:RT). 

The NASDAQ Capital Market provides companies the required capital in order to grow their business. The NASDAQ Capital Market also provides a listing venue that promises to accommodate the different stages of corporate lives of the companies. All companies that are listed on NASDAQ Capital Market need to satisfy all the required qualifications for NASDAQ securities in Rule 4300. The companies also need to adhere to the corporate governance standards set by NASDAQ. 

In other news:

ReelTime’s VR capabilities which were showcased in Inc. Magazines’ March 24th issue solves the monetization problem of high production cost in relationship to the size of the potential audience that has thwarted VR content creation. Using ReelTime process and Ubiquiview technology, content can be shot in VR yet made available to major networks and other flat content portals as well. By expanding the number of potential viewers from only those with a VR headset to nearly all widely used formats, traditional monetization via product placement, embedded advertising, pre, and post-roll sponsorships, etc. become possible.

In 2020 ReelTime VR topped the list published in Virtual Reality Insider of three unknown public companies set to drive the explosion of the AR/VR worlds as access and adoption/adaptation become commonplace. The full article can be seen at www.virtualrealityinsider.com . The article makes special mention of the potentially industry shaping significance of ReelTime’s patent Number 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent covering apparatus and method claims for technology involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Video.

Earlier this year ReelTime VR appeared in TIME Magazine where it was singled out as companies “Among those most likely to gain from the growing virtual reality market” and where it cited  ReelTimes “In Front of View” as “The World’s No. 1, VR Travel Show”.

About NASDAQ Capital Markets: Nasdaq is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. A diverse selection of over 4,000 companies choose to list on Nasdaq’s U.S., Nordic and Baltic exchanges, representing industries such as retail, health care, finance, and technology. In the U.S., Nasdaq is the listing venue of choice for many of the world’s most exciting companies. The Nasdaq Stock Market has three distinctive tiers: The Nasdaq Global Select Market® , The Nasdaq Global Market® and The Nasdaq Capital Market® . Applicants must satisfy certain financial, liquidity and corporate governance requirements to be approved for listing on any of these market tiers.

About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Media provides end to end production capabilities and discount media purchasing that is redefining how companies are evaluating and purchasing their TV, radio, print, and other new media. ReelTime is also is in the business of developing, producing, and distributing Virtual Reality Content and technologies. We have an end to end production, editing, and distribution capabilities for internal and external projects. ReelTime Currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and others. ReelTime Media also publishes the book “It Was Always Me Edward Edwards the most Prolific Serial Killer of all time” which has been the subject of a cover story on People Magazine, Rolling Stone, In Touch, and a six-part series on Paramount network, www.itwasalwaysme.com.

Contact:

Barry Henthorn
[email protected]



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New FedRAMP Survey Finds 45% of Federal Agencies and 52% of State and Local Governments Are Storing Mission-Critical Data in the Cloud

New FedRAMP Survey Finds 45% of Federal Agencies and 52% of State and Local Governments Are Storing Mission-Critical Data in the Cloud

Maximus and Genesys Release Results of Survey of 500 Federal, State, and Local Government Technology Leaders

RESTON, Va.–(BUSINESS WIRE)–
Maximus (NYSE: MMS), a leading provider of government services worldwide, and Genesys, the global leader in cloud customer experience and contact center solutions, today announced the results of a new survey of federal, state, and local government officials about their cloud deployments. The findings reveal a greater understanding of where agencies are in their cloud adoption journey, how they perceive cloud solutions, and whether they are using FedRAMP (Federal Risk and Authorization Management Program) solutions in their cloud environments.

The overwhelming majority of respondents confirm that they have at least part of their systems and solutions in the cloud. Likewise, more government officials say they have moved citizen and mission data to the cloud, in part due to confidence in FedRAMP. Key findings from the survey include:

  • 91% of federal agency respondents and 93% of state and local respondents said they have all, most, or some systems and solutions in the cloud.
  • 45% of federal and 52% of state and local respondents said their agency currently stores citizen and mission data in the cloud.
  • The vast majority of both federal (95%) and state and local (97%) respondents recognized benefits, beyond adhering to mandates, from moving to a FedRAMP-authorized solution, including long-term cost savings and acceleration to broader cloud adoption.

“It is clear from the results of the survey that government agencies recognize the value of FedRAMP from the security standpoint along with the ability to drive long-term cost-savings and embark on an accelerated cloud adoption strategy,” said Raj Parameswaran, President, U.S Federal Information Technology, Maximus. “Those who have already adopted FedRAMP-authorized cloud services are certainly thinking about how to move and secure more of their enterprise technology in the cloud.”

The survey was conducted in late 2020 by Market Connections, the leading government market research firm for insights that help companies and government agencies make informed, intelligent decisions. Market Connections gathered responses from 500 government technology leaders across federal, state, and local agencies. The survey asked respondents about their intentions to move more of their infrastructure and applications to the cloud, and their awareness and opinions of FedRAMP.

“As government technology leaders accelerate their IT modernization efforts since COVID-19, they are clearly looking to FedRAMP-authorized solutions to enable a remote workforce and meet stringent security compliance requirements,” said Bruce Caswell, President and Chief Executive Officer, Maximus. “This survey shows that migrating to the cloud helps deliver business value, while meeting the growing needs for delivering optimal citizen services.”

FedRAMP, a government-wide program administered by the General Services Administration (GSA), equips agencies with a standardized approach to security assessment, authorization, and continuous monitoring for cloud solutions. FedRAMP-authorized solutions empower agencies to migrate to the cloud, and accelerate their migration roadmap, while meeting federal mandates and ensuring adherence to NIST (National Institute of Standards and Technology) guidelines — all in a cost-effective manner.

“Agencies are proving the transformational benefits as they migrate to the cloud from on-premises systems,” said David York, Senior Vice President, U.S. Public Sector, Genesys. “As others look to follow in those footsteps, they are recognizing the value of compliance standards like FedRAMP-authorized solutions. The survey findings are the latest example of how critical it is to have a proven cloud migration strategy.”

To view the entire research report and an eBook with analysis by the technology leaders who developed the Maximus Genesys Engagement Platform, visit: maximus.com/fedramp

About Maximus

Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With more than 30,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom. For more information, visit maximus.com.

About Genesys

Every year, Genesys® delivers more than 70 billion remarkable customer experiences for organizations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experience as a ServiceSM so organizations of any size can provide true personalization at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys CloudTM, an all-in-one solution and the world’s leading public cloud contact center platform, designed for rapid innovation, scalability and flexibility. Visit genesys.com.

©2020 Genesys Telecommunications Laboratories, Inc. All rights reserved. Genesys, the Genesys logo, Genesys Cloud, Engage and Experience as a Service are trademarks and/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies.

Lisa Miles 703.251.8637

[email protected]

Blake Travis 619.884.4228

[email protected]

KEYWORDS: Virginia United States North America

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

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OpSens to Host First Quarter Fiscal Year 2021 Financial Results Conference Call on Wednesday, January 13, 2021

Canada NewsWire

Conference call to be conducted at 11:00 am ET

QUEBEC CITY, Jan. 6, 2021 /CNW Telbec/ – OpSens Inc. (“OpSens” or the “Company”) (TSX: OPS) (OTCQX: OPSSF), a medical device cardiology-focused company delivering diagnostic and treatment solutions based on its proprietary optical technology, will report financial results for its first quarter of fiscal year 2021, ended November 30, 2020, on Wednesday, January 13, 2021 before the open of the market. The Company has scheduled a conference call that same day, Wednesday, January 13, 2021 at 11:00 am ET, to review the results.

Interested parties can access the conference call by dialing (877) 270-2148 or (412) 902-6510 or can listen via a live Internet webcast, which is available in the Investors section of the Company’s website at https://opsens.com/investors/ or at https://www.webcaster4.com/Webcast/Page/2512/39370.

A teleconference replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088, confirmation # 10150894. A webcast replay will be available in the Investors section of the Company’s website at https://opsens.com/investors/ or at https://www.webcaster4.com/Webcast/Page/2512/39370.

About OpSens Inc. (www.OpSens.com or www.OpSensmedical.com)

OpSens focuses mainly on coronary artery stenosis measurement in interventional cardiology. The Company offers an advanced optical-based pressure guidewire that aims at improving the clinical outcome of patients with coronary artery disease. Its flagship product, the OptoWire, is a second-generation fiber optic pressure guidewire designed to provide the lowest drift in the industry and excellent lesions access. The OptoWire has been used in the diagnosis and treatment of over 100,000 patients in more than 30 countries. It is approved for sale in the United States, European Union, Japan, and Canada.

OpSens is also involved in industrial activities in developing, manufacturing, and installing innovative fiber optic sensing solutions for critical applications.

SOURCE OPSENS Inc.

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New survey finds 70% of consumers improved home during COVID-19, more than half used smart devices

Smart home solutions are helping consumers adapt to more time at home during pandemic

PR Newswire

NEW YORK, Jan. 6, 2021 /PRNewswire/ — A new study released today by Xiaomi, a global leader in smart devices, found that since March 2020, 70% of consumers have reported making changes in their living environment due to spending more time at home during the pandemic, and more than half (51%) have reported purchasing at least one smart device during that period.

Stay-at-home orders changed the very notion of how people interact and live in their homes, driving people to reconfigure their physical space to meet new functional requirements, including working and learning at home, creating at-home gyms, or finding new ways to relax and enjoy themselves.

The survey found that 3 out of 5 respondents said that since their leisure and work environments have become one, it has become harder to carve out personal space to relax and find joy at home. Of those, 63% purchased smart home devices, 82% adapted a room for working from home during COVID, and 79% reconfigured at least one room.

“Smart living has always been about reimagining and optimizing physical space to solve problems and adapt to new realities through the use of technology, and we’ve seen this adoption accelerate in 2020,” said Daniel Desjarlais, Global Product Marketing Manager, Xiaomi. “Connected homes, automated systems, and new technology are helping people create ecosystems within their homes to solve new challenges presented by increased time at home, whether it’s adapting or creating new uses for old spaces, such as office space or classrooms, or just creating a more streamlined home that is easier to manage and control.”

Key survey findings include:

  • People had to adapt existing spaces to serve new purposes, particularly younger generations: Makeshift spacing arrangements were widespread across all age groups, with nearly two-thirds (66%) of all respondents saying that they had to use makeshift spacing arrangements in response to staying home more during the pandemic. This was particularly pronounced among Gen Z and Millennials — 91% of Gen Z consumers and 80% of Millennials indicated this was something they were forced to do.
  • Smart home device purchases were a solution: On average, consumers bought two new smart devices since March in response to being home more during the pandemic, with Gen Z consumers buying an average of three. Smart devices can help to streamline a space and provide solutions for problems generated by more time at home, such as the need to carve out specific work or study space. Regardless of devices purchased, there is an overwhelming consensus among consumers (82%) that there are significant advantages to a home with smart devices.
  • For many, these makeshift solutions may end up being permanent. 60% of consumers say they plan to continue using their home for activities typically performed elsewhere, even after a COVID-19 vaccine is widely available. If stay-at-home orders go into effect again in 2021, nearly 2 in 5 (39%) of consumers have reported that they want to upgrade their devices and 41% will adapt a room. Moving into 2021, the adoption and integration of smart home technology will be a prevailing trend in home improvement as consumers look to smart devices as part of their long-term solutions.

Increased time at home during COVID-19 drove significant changes and desires for how people lived in, interacted with, and designed their homes, and smart home ecosystems provided a solution for the unprecedented changes of 2020. Smart devices can inspire consumers to see new uses for their space: such as creating at-home movie theaters with smart projectors, access to a plethora of streamed content, smart speakers, and more; or, creating a specified workspace with increased connectivity, automated lighting, and upgrading existing tech to smart solutions. Smart ecosystems also help consumers automate daily tasks, improving productivity, efficiency, and the home overall; such as automated cleaning schedules with air purifiers, smart appliances, or robot vacuums. Smart home devices can have a lasting impact on how we interact with the space around us, beyond 2020 and 2021, providing upgrades and impetus for long-term benefits.

Xiaomi’s unique business model prioritizes innovation and has helped the company lead the industry with the most diverse smart device product portfolio whose products work together seamlessly in a connected ecosystem with smartphones at the center. As of September 30, 2020, the number of users with five or more devices connected to Xiaomi’s AIoT platform reached 5.6 million. Much of Xiaomi’s growth is coming from overseas markets, including expansion into Western markets. The newest product to be readily available for U.S. consumers is Mi Air Purifier 3H, which will go on sale starting January 14, 2021.

For more information on Xiaomi and their smart home ecosystem, visit mi.com.

Research Methodology
The Xiaomi Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 nationally representative U.S. adults ages 18+, between December 11th and December 16th, 2020, using an email invitation and an online survey.

About Xiaomi
Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core.

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is currently the world’s third-largest smartphone brand and has established the world’s leading consumer AIoT (AI+IoT) platform with 289.5 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world. In August 2020, the company made the Fortune Global 500 list for the second time, ranking 422nd, up 46 places compared to the previous year. Xiaomi also ranked 7th among internet companies on the list.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index and Hang Seng TECH Index.

For more information about Xiaomi as a company, please visit https://blog.mi.com/en/

Contact: Brianna Rabe, [email protected]

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SOURCE Xiaomi

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iClick Interactive Launches New SaaS Standard Product- iSCRM

PR Newswire

HONG KONG, Jan. 6, 2021 /PRNewswire/ — iClick Interactive Asia Group Limited (“iClick” or the “Company”) (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, recently released iSCRM, a powerful off-the-shelf (standard) SaaS enterprise management platform for daily operations and social customer relationship management. iSCRM leverages the updated features of WeCom, Tencent’s communication platform for enterprises, to effectively attract new users and intelligently manage brands’ private traffic through integration of the various functions on WeChat Mini Program, WeCom and WeChat.

iSCRM provides full consumer-cycle solutions with high-level capabilities of understanding and managing consumers that supports brands with multiple features including:

  • Fully tracking consumer actions from all touch-points within the Tencent ecosystem.
  • Establishing precise real-time 360-degree consumer profiles through data analytics of consumer social behavior data and consumption information.
  • Providing purchase and frequency analysis and advising on data-driven personalized engagement strategies through identification of active and high-value consumers to enhance consumer stickiness and loyalty.
  • Digitalizing sales management and evaluation in order to improve internal management efficiency and boost sales revenues.
  • Ensuring seamless consumer transfer to retain the valuable consumers and to lower the churn rate when sales representatives leave their companies.

Jian “T.J.” Tang, Chief Executive Officer and Co-Founder of iClick said, “I am very excited to announce the launch of iSCRM, iClick’s first standard SaaS product. This new solution equips clients with the latest smart tools that integrates and optimizes the various functions of Tencent’s continuously evolving ecosystem. We believe iSCRM has great potential to enhance brands’ private domain traffic management and generate higher sales revenues. We will continue to develop leading edge products like iSCRM that empower brands to take advantage of the latest trends in the smart retail era and look forward to the contribution of such standard products to rapidly scaling up iClick’s sales revenue across our mid-tier client base.”

About iClick Interactive Asia Group Limited

iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, our proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.

For more information, please visit ir.i-click.com.

Safe Harbor Statement

This announcement contains forward-looking statements, including those related to the Company’s business strategies, operations and financial performance. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favorable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:


In China:


In the United States:


iClick Interactive Asia Group Limited


Core IR

Lisa Li

Tom Caden

Phone: +86-21-3230-3931 #892

Tel: +1-516-222-2560

E-mail: [email protected]

E-mail: [email protected]

 

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SOURCE iClick Interactive Asia Group Limited

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Citius Pharmaceuticals to Present Update on Proprietary Product Candidates at Two Virtual Conferences in January

PR Newswire

CRANFORD, N.J., Jan. 6, 2021 /PRNewswire/ — Citius Pharmaceuticals, Inc. (“Citius” or the “Company”) (Nasdaq: CTXR), a specialty pharmaceutical company developing and commercializing critical care drug products, today announced that it will be presenting at two virtual investor conferences during the month of January 2021.

H.C. Wainwright BioConnect 2021 Virtual Conference – January 11 – 14, 2021
A presentation by Citius President and CEO Myron Holubiak will be available on-demand beginning Monday, January 11 starting at 6:00 a.m. ET and will be available for 30 days following the conference. Investors may register in advance for the conference at the event website.

MoneyShow Accredited Investors Virtual Expo – January 26 – 28, 2021
Citius Chairman Leonard Mazur will present at 11:15 a.m. ET on Tuesday, January 26, 2021. Registration for the live streaming event is available on the Expo website. The Citius presentation may be accessed for 30 days following the Expo.

“We have exciting developments to discuss at our January conferences and look forward to greeting investors virtually,” said Mr. Myron Holubiak. “From our NoveCite subsidiary, interim data from a proof-of-concept large animal study of induced mesenchymal stem cell (“i-MSC”) therapy in an in vivo model of Acute Respiratory Distress Syndrome (“ARDS”) shows improvement in critical parameters, such as improved oxygenation, less systemic shock, and reduced lung injury, compared to the control group. For Mino-Lok we recently conducted a series of webinars to provide Phase 3 trial updates and discuss the role Mino-Lok may play in the treatment of Central Line Associated Blood Stream Infections (“CLABSIs”). In spite of the headwinds from the Covid-19 pandemic, we have been able to continue to recruit patients for our pivotal trial. Mino-Lok is nearing completion of its phase 3. Mino-Wrap’s novel approach to reducing post-mastectomy infections associated with the use of a tissue expander is on track in its preclinical stage, and, finally, we expect to file an IND for Halo-Lido in the near term and initiate a Phase 2b trial later this year.”

Overview of Proprietary Product Candidates

NoveCite Cells – i-MSCs: In October 2020, Citius signed an exclusive worldwide licensing agreement with Novellus, Inc., a privately-held biotechnology company creating new engineered cellular therapies, for a novel stem-cell therapy that would initially target Acute Respiratory Distress Syndrome (ARDS) associated with COVID-19. ARDS is the most common cause of respiratory failure and mortality in COVID-19 patients.

Mino-Lok®: Mino-Lok is a late-stage development product in Phase III trials. Citius has partnered with MD Anderson Cancer Center (MDACC), a world-leading cancer center, to develop Mino-Lok. Mino-Lok has received Qualified Infectious Disease Product (“QIDP”) designation providing fast track status, priority review, and additional market exclusivity.

CITI 101 – Mino-Wrap: Mino-Wrap, or CITI 101, is a liquefying gel-based wrap containing minocycline and rifampin designed to provide inflammatory tissue protection and prevent infection and biofilm formation in tissue expanders and breast implants post-mastectomy. In January 2019, Citius signed a definitive license agreement with MDACC to develop and commercialize a novel approach to reducing postoperative infections associated with surgical implants estimated to be 12-14%.

CITI-002 – Halo-Lido: Citius is developing a topical formulation of halobetasol, a corticosteroid, and lidocaine to provide anti-inflammatory and anesthetic symptomatic relief to people with hemorrhoids. Citius is advancing its combination therapy for hemorrhoids as being synergistic to its individual components and is pursuing a patent for the new halobetasol-lidocaine formulation. If this formulation is approved by the FDA, Citius would have the only FDA-approved prescription-strength product on the market proven to be safe and effective for the treatment of hemorrhoids.

About Citius Pharmaceuticals, Inc.
Citius is a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products, with a focus on anti-infectives and cancer care. For more information, please visit www.citiuspharma.com.

Safe Harbor
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are made based on our expectations and beliefs concerning future events impacting Citius. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks associated with conducting clinical trials and drug development; our need for substantial additional funds; the estimated markets for our product candidates and the acceptance thereof by any market; our dependence on third-party suppliers; patent and intellectual property matters; market and other conditions; our ability to attract, integrate, and retain key personnel; risks related to our growth strategy; risks relating to the results of research and development activities; uncertainties relating to preclinical and clinical testing; the early stage of products under development; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our ability to identify, acquire, close and integrate product candidates and companies successfully and on a timely basis; government regulation; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Contact:

Andrew Scott

Vice President, Corporate Development
(O) 908-967-6677 x105
(M) 646-522-8410
[email protected]

 

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SOURCE Citius Pharmaceuticals, Inc.