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American States Water Company’s Subsidiary Recognized as a 2021 Military Friendly® Company

SAN DIMAS, Calif.–(BUSINESS WIRE)–
American States Utility Services, Inc. (ASUS), a wholly owned subsidiary of American States Water Company (NYSE: AWR), has been awarded the Military Friendly® Company Bronze designation by VIQTORY. First published in 2003, the Military Friendly® program creates civilian opportunities for veterans. By setting a standard, promoting it and raising the bar over time, it provides long term, positive reinforcement for American organizations to invest in programs that improve the lives of veterans. It’s about creating demand for veterans in the private sector.

Employers receive the award for their efforts in creating sustainable and meaningful career paths, community outreach, brand enthusiasm, and enduring partnerships. Military Friendly® Companies are the ultimate example of organizations that are committed to creating sustainable economic benefit to the military community and all of the important parts of that community: the employee, the spouse, the family, the consumer, and even the supply chain.

ASUS will be published and celebrated in the March issue of GIJobs Magazine® in a special feature listing, as well as a company profile on MilitaryFriendly.com.

“Our support for the military community has been steadfast,” stated Robert J. Sprowls, President and CEO of American States Water Company. “Today, and every day, we are Serving Those Who Serve® and are grateful to our military service personnel, past and present, and the families and ecosystem that support them.”

In October 2020, ASUS was also awarded the Military Spouse Friendly® Employer designation, which identifies organizations whose commitment to serving the military and veteran community is comprehensive in scope and meaningful in terms of actual outcomes and impact. This includes hiring and career advancement to customer service and charitable involvement.

About American States Water Company

American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 261,500 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,500 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government.

American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 66 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005255/en/

Eva G. Tang

Senior Vice President – Finance, Chief Financial Officer, Corporate Secretary and Treasurer

(909) 394-3600, extension 707

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Defense Other Natural Resources Other Energy Utilities Natural Resources Energy Other Defense

MEDIA:

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Thunderbird Entertainment Launches New Global Distribution and Consumer Products Division

Industry Veteran Richard Goldsmith Joins the Company as President of New Division

New Division will Elevate Company IP Across Kids & Family, Factual and Scripted Divisions

VANCOUVER, British Columbia–(BUSINESS WIRE)–
Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC:THBRF) (Thunderbird or the Company), a global award-winning, full-service multiplatform production, distribution and rights management company, today announced the creation of a new Global Distribution and Consumer Products Division. Industry veteran Richard Goldsmith joins Thunderbird and Atomic Cartoons, the Company’s Kids and Family Division, to lead the new venture as President of Global Distribution and Consumer Products.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210111005246/en/

In this newly created role, Goldsmith will oversee worldwide content distribution and the development of innovative consumer products and experiences that expand and enrich audience engagement across all Thunderbird properties.

“We are beyond thrilled to be welcoming Richard to the team, and his presence will be key as we continue to take Thunderbird to the next level,” said Jennifer Twiner McCarron, President and Chief Executive Officer of Thunderbird.

Goldsmith will be based in Los Angeles, and report to Thunderbird and Atomic Cartoons’ Chief Creative Officer, Matthew Berkowitz.

“It is a privilege to welcome Richard to the team as we launch our new Global Distribution and Consumer Products Division,” said Berkowitz. “This expansion is a significant part of Thunderbird and Atomic’s IP growth strategy. Richard’s wealth of experience, exceptional business acumen and proven track record of phenomenal productions make him the perfect person to lead this venture. Alongside our creative teams, we hope to make some truly special shows together.”

Goldsmith’s background spans the television and animation industries, including key leadership roles in media distribution, licensing, merchandising and business development for major entertainment brands at companies that include The Walt Disney Company, Warner Bros. Entertainment and The Jim Henson Company. Prior to joining Thunderbird and Atomic Cartoons, Goldsmith was a part of the senior management team at Cyber Group Studios, where he helped guide the global day-to-day and long-term business plans of the company. He also oversaw all operations in North America, China and Australia, including distribution and consumer products for hit series like Gigantosaurus, in addition to content development.

“Through my work with Atomic Cartoons over the last two years on The Last Kids on Earth franchise, I was able to experience firsthand the Company’s energy, expertise and creative thinking. Within the industry, the word ‘love’ is often used to describe Thunderbird’s content and people. This is a powerful statement. I am thrilled and honoured to join Thunderbird and Atomic as the Company enters a new era. I cannot wait to share our incredible new series with global media and consumer products partners,” said Goldsmith.

Thunderbird collaborates with many of the world’s most well-respected media and entertainment companies. The new division is part of the Company’s strategic push to acquire and develop its growing stable of owned IP, and to continue providing award-winning service to external partners such as Netflix, Disney and PBS/GBH.

In addition to supporting the Company’s owned IP, the new division will also source and manage third party media distribution and consumer products opportunities.

Atomic Cartoons most recently won a 2020 Daytime Emmy for its Netflix series The Last Kids on Earth, as well as a Peabody for Molly of Denali on PBS/GBH and CBC. Great Pacific Media, which is the factual and scripted production unit of Thunderbird, produces hit television series such as Highway Thru Hell for Discovery and The Weather Channel, Heavy Rescue: 401 for Discovery, and Kim’s Convenience for CBC and Netflix.

Thunderbird’s Board of Directors has authorized the grant of an aggregate of 525,000 incentive stock options in accordance with the terms of the Company’s stock option plan to employees at the management level. The options are exercisable at a price of $3.07 per share and have a seven-year term, subject to vesting provisions.

ABOUT THUNDERBIRD ENTERTAINMENT GROUP

Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird Kids and Family (Atomic Cartoons), and Thunderbird Factual and Scripted (Great Pacific Media). Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005246/en/

Investor Relations Contacts:

Glen Akselrod, Bristol Capital

Phone: + 1 905 326 1888 ext 1

Email: [email protected]

Media Relations Contact:

Julia Smith, Finch Media

Phone: +1 604.803.0897

Email: [email protected]

KEYWORDS: United States North America Canada California

INDUSTRY KEYWORDS: Film & Motion Pictures Online General Entertainment Entertainment TV and Radio

MEDIA:

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Richard Goldsmith, President of Global Distribution and Consumer Products, Thunderbird Entertainment Group and Atomic Cartoons (Photo: Business Wire)

IDEX Corporation to Acquire Abel Pumps L.P.

NORTHBROOK, Ill.–(BUSINESS WIRE)–IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Abel Pumps, L.P., and certain of its affiliates (ABEL) from Hillenbrand, Inc. (NYSE: HI) for cash consideration of $103.5 million, before closing adjustments.

ABEL designs and manufactures highly engineered reciprocating positive displacement pumps for a variety of end markets, including mining, marine, power, water, wastewater and other general industries. The company’s diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content.

“The acquisition of ABEL will provide a complementary addition to the well-established expertise IDEX holds in pump manufacturing,” IDEX Chief Executive Officer and President Eric Ashleman said. “We foresee ABEL benefitting from joining a company with broad knowledge in pumps and valves and a focus on solving our customers’ toughest fluids challenges. Our unique decentralized structure gives our business units significant autonomy, while the common IDEX culture and operating model provides the foundation for growth and operational excellence.”

ABEL’s administration office and manufacturing plant are in Büchen, Germany, with sales and service locations in Madrid and Pittsburgh. With annual sales of approximately $34 million, ABEL will join IDEX’s Fluid and Metering Technologies segment.

The transaction is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call 40 diverse businesses around the world part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global $2+ billion company committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005328/en/

Investor Contact

IDEX Corporation

William K. Grogan

Senior Vice President and Chief Financial Officer

+1 847-498-7070

[email protected]

Media Contact:

IDEX Corporation

Mark Spencer

+1 847-457-3793

[email protected]

KEYWORDS: Illinois Pennsylvania United States Canada North America Spain Europe Germany

INDUSTRY KEYWORDS: Other Manufacturing Steel Engineering Chemicals/Plastics Manufacturing Other Construction & Property Construction & Property Other Energy Other Transport Utilities Oil/Gas Maritime Landscape Alternative Energy Energy Transport Other Natural Resources Mining/Minerals Agriculture Natural Resources

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Farm Bureau Property & Casualty and Iowa Farm Bureau Federation to Take FBL Financial Group Private for $56.00 Per Share

WEST DES MOINES, Iowa–(BUSINESS WIRE)–
Farm Bureau Property & Casualty Insurance Company (“FBPCIC”) and FBL Financial Group, Inc. (NYSE: FFG) (“FBL Financial Group” or “the Company”) today announced that they have reached a definitive agreement under which FBPCIC will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock that neither FBPCIC nor the Iowa Farm Bureau Federation (“IFBF”) currently own for $56.00 per share in cash. Following the unanimous recommendation of the Special Committee of the FBL Financial Group, Inc. Board made up of independent and unaffiliated directors, the transaction was unanimously approved by FBL Financial Group’s Board of Directors.

The per share purchase price represents a 50% premium to FBL Financial Group’s unaffected closing share price of $37.25 on September 3,^{2020, a 19% premium to FBPCIC’s initial proposal of $47.00 per share on September 4, 2020, and a 56% premium to the Company’s unaffected 90-day volume-weighted average share price as measured on September 3, 2020. Based on the agreed price of $56.00 per share for Class A common stock and Class B common stock not owned by FBPCIC or IFBF as of January 8, 2021, the aggregate cash purchase price is approximately $528 million.}

In making its recommendation, the Special Committee, with advice from independent financial and legal advisors, conducted a detailed review of FBPCIC’s offer. Among other factors, the Special Committee evaluated the offer relative to the Company’s standalone prospects, including management’s expectation for adjusted operating income of $88 – $92 million in 2020 and its projection for adjusted operating income of $96.9 million in 2021; an appraisal valuation produced by a leading actuarial firm; and taking into consideration feedback received from several minority shareholders.

“The Special Committee’s focus has been on maximizing value for FBL Financial Group’s unaffiliated shareholders, and this transaction delivers immediate cash value to them at a significant premium,” said Paul Larson, Chairman of the Special Committee of the FBL Financial Group Board of Directors. “The agreement announced today follows several rounds of rigorous negotiation during which FBPCIC increased its offer multiple times and agreed the Company should continue to pay its regular quarterly dividend through closing – both of which represent material value increases. Based on the unanimous recommendation of the Special Committee and deep knowledge of the Company, the FBL Financial Group Board unanimously concluded that this transaction is the best way to deliver maximum and certain value to our unaffiliated shareholders. FBPCIC has been a long-term partner of FBL Financial and shares our dedication to protecting the livelihoods and futures of our customers, and we are confident that this transaction is in the best interest of unaffiliated shareholders.”

“FBL Financial Group and its affiliated companies make up a superb organization,” said Richard Felts, Chairman of the Board of FBPCIC. “We look forward to supporting its future as a private company, and to continue working to grow and strengthen the organization’s relationships with its customers and communities.”

Additional information about the transaction and its rationale may be found in an Investor Presentation deck that is being filed by FBL Financial Group with the SEC on Form 8-K contemporaneously with this release.

Approvals

The transaction is subject to the receipt of regulatory and FBL Financial Group shareholder approval, including approval from a majority of unaffiliated FBL Financial Group shareholders, and the satisfaction of specified closing conditions. Specifically, the terms require approval of (i) a majority of the shares of the outstanding FBL Financial Group Class A common stock and Series B preferred stock, voting together as a single class; (ii) a majority of the outstanding shares of FBL Financial Group Class B common stock; and (iii) a majority of all outstanding FBL Financial Group common stock not owned by FBPCIC and its affiliates, IFBF and its affiliates, or their respective directors and officers. IFBF owns 100% of the shares of outstanding Series B preferred stock of FBL Financial Group and will cause those shares to be voted in favor of the transaction.

Transaction Details

Closing is expected in the first half of 2021, subject to the receipt of regulatory and FBL Financial Group shareholder approval and the satisfaction of specified closing conditions. Upon closing, all shareholders of FBL Financial Group other than FBPCIC and IFBF will receive the same per share cash consideration for their shares. IFBF will contribute its FBL common stock to a newly-formed subsidiary of FBPCIC (which will merge with and into FBL Financial Group in the merger, with FBL Financial Group continuing as the surviving corporation) and will retain an ownership stake in the surviving corporation commensurate with its aggregate percentage ownership of Class A and Class B common stock of FBL Financial Group as of immediately prior to the consummation of the transaction. The transaction is not subject to a financing condition.

Upon completion of the transaction, IFBF will continue to be the majority owner of the Company, and FBL Financial Group common stock will cease trading on the New York Stock Exchange.

Advisors

Barclays Capital Inc. served as financial advisor to the Special Committee of the Board of Directors of FBL Financial Group, and Sidley Austin LLP as its legal advisor. Milliman was also engaged to provide an independent actuarial appraisal of FBL Financial Group to support the Special Committee’s evaluation and negotiation process.

Goldman Sachs & Co. LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to FBPCIC.

Reconciliation of Net Income to Adjusted Operating Income to Common Shareholders

($ in millions)		2019	2020E			2021E
		Actual	Expected Range			Projection
Net income attributable to FBL Financial Group, Inc		$126.2	$65.8	–	$69.8	$85.9
Net income adjustments:
Realized losses on investments(1,2)		($5.8)	$17.5		$17.5	$11.1
Change in net unrealized gains/losses on derivatives		(2.7)	4.9		4.9	—
Adjusted operating income(3)		$117.7	$88.2	–	$92.2	$97.0
Less: Dividends to series B preferred stock		(0.2)	(0.2)		(0.2)	(0.2)
Adjusted operating income to common shareholders		$117.5	$88.0	–	$92.0	$96.9

1. Realized losses on investments are presented net of income taxes at a rate of 21% for 2021 and the fourth quarter of 2020.
2. Net of adjustments, as applicable, to amortization of unearned revenue reserves, deferred acquisition costs, value of insurance inforce acquired, interest sensitive policy reserves and income taxes attributable to these items.
3. FBL Financial Group consistently utilizes adjusted operating income, a financial measure common in the life insurance industry that is not prepared in accordance with U.S. generally accepted accounting principles (GAAP), as a primary economic measure to evaluate its financial performance. Adjusted operating income consists of net income attributable to FBL Financial Group adjusted to exclude the initial impact of changes in federal statutory income tax rates and tax laws, transaction costs relating to the proposed go-private transaction, realized gains and losses on investments, and the change in net unrealized gains and losses on derivatives and equity securities, which can fluctuate greatly from period to period. These fluctuations make it difficult to analyze core operating trends. In addition, for derivatives not designated as hedges, there is a mismatch between the valuation of the asset and liability when deriving net income (loss). Specifically, call options relating to indexed business are one-year assets while the embedded derivatives in the indexed contracts represent the rights of the contract holder to receive index credits over the entire period the indexed annuities are expected to be in force. This non-GAAP measure is used for goal setting, determining short-term incentive compensation and evaluating performance on a basis comparable to that used by many in the investment community. FBL Financial Group believes the combined presentation and evaluation of adjusted operating income provides information that may enhance an investor’s understanding of FBL Financial Group’s underlying results and profitability.

About FBL Financial Group

FBL Financial Group is a holding company with the purpose to protect livelihoods and futures. Operating under the consumer brand name Farm Bureau Financial Services, its affiliates offer a broad range of life insurance, annuity and investment products distributed by multiline exclusive Farm Bureau agents. Helping complete the financial services offering, advisors offer wealth management and financial planning services. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG. For more information, please visit www.fblfinancial.com and www.fbfs.com.

About Farm Bureau Property & Casualty Insurance Company

Farm Bureau Property & Casualty Insurance Company is an indirect subsidiary of Farm Bureau Mutual Holding Company. The company was formed in 1939 to write automobile insurance in Iowa. Today, Farm Bureau Property & Casualty Insurance Company and its subsidiary insurance company serve in excess of 360,000 Farm Bureau client/members in eight Midwest and Western states through a network of approximately 1,000 exclusive multi-line agents and agency managers, offering a full line of personal and commercial property-casualty insurance products.

Forward-Looking Statements

Some of the statements in this communication are forward-looking statements (or forward-looking information). When we use words such as “anticipate,” “intend,” “plan,” “seek,” “believe,” “may,” “could,” “will,” “should,” “would,” “could,” “estimate,” “continue,” “predict,” “potential,” “project,” “expect,” or similar expressions, we do so to identify forward-looking statements. Forward-looking statements are based on current expectations that involve assumptions that are difficult or impossible to predict accurately and many of which are beyond our control, including general economic and market conditions, industry conditions, operational and other factors. Actual results may differ materially from those expressed or implied in these statements as a result of significant risks and uncertainties, including, but not limited to, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the inability to obtain the requisite shareholder or regulatory approval for the proposed transaction or the failure to satisfy other conditions to completion of the proposed transaction; the risk that shareholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability; risks that the proposed transaction disrupts current plans and operations; the ability to recognize the benefits of the transaction; the amount of the costs, fees, and expenses and charges related to the transaction; change in interest rates; changes in laws and regulations; differences between actual claims experience and underwriting assumptions; relationships with Farm Bureau organizations; the ability to attract and retain sales agents; adverse results from litigation; and the impact of the COVID-19 pandemic and any future pandemics. Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected, is contained in FBL Financial Group’s filings with the SEC, including FBL Financial Group’s Annual Report on Form 10-K and FBL Financial Group’s quarterly reports on Form 10-Q. The statements in this communication speak only as of the date of this communication and we undertake no obligation or intention to update or revise any forward-looking statement, whether as a result of new information, changes in assumptions, future developments or otherwise, except as may be required by law.

Additional Information and Where to Find It

In connection with the proposed transaction, FBL Financial Group will file with the SEC a proxy statement on Schedule 14A and will file other documents with the SEC regarding the proposed transaction. This communication is not a substitute for the proxy statement or any other document that FBL Financial Group may file with the SEC. INVESTORS IN, AND SECURITY HOLDERS OF, FBL FINANCIAL GROUP ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the proxy statement (when available) and other documents filed with the SEC by FBL Financial Group through the web site maintained by the SEC at www.sec.gov or by contacting the individuals listed below.

Participants in the Solicitation

FBL Financial Group and its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding FBL Financial Group’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in FBL Financial Group’s Annual Report on Form 10-K for the year ended December 31, 2019, as amended. A more complete description will be available in FBL Financial Group’s proxy statement on Schedule 14A (when available). You may obtain free copies of these documents as described in the preceding paragraph.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005322/en/

FBL Financial Group:

Media:

Bryan Locke and Lindsay Molk

Sard Verbinnen & Co

[email protected]

Investors:

Kathleen Till Stange

Vice President Corporate & Investor Relations

[email protected]

Farm Bureau Property & Casualty Insurance Company

Nancy Wiles

Marketing Communications Vice President

[email protected]

KEYWORDS: Iowa United States North America

INDUSTRY KEYWORDS: Professional Services Insurance Finance

MEDIA:

Posted on January 11, 2021 9:03 am

Intevac to Announce Fourth Quarter and Full Year 2020 Results on February 3rd

Intevac to Announce Fourth Quarter and Full Year 2020 Results on February 3^rd

SANTA CLARA, Calif.–(BUSINESS WIRE)–
Intevac, Inc. (Nasdaq: IVAC) will release financial results for its fiscal fourth quarter and full year 2020 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, February 3^rd, 2021.

At 1:30 p.m. PT (4:30 p.m. ET) on February 3^rd, Intevac management will host a teleconference to discuss the company’s financial results.

To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and reference meeting number 13714463. For international callers, the dial-in number is +1 (201) 389-0921. You may also listen live via the Internet on the company’s investor relations website at ir.intevac.com. For those unable to attend live, an archived webcast of the call will be available at ir.intevac.com.

About Intevac

Intevac was founded in 1991 and has two businesses: Thin-film Equipment and Photonics.

In our Thin-film Equipment business, we are a leader in the design and development of high-productivity, thin-film processing systems. Our production-proven platforms are designed for high-volume manufacturing of substrates with precise thin film properties, such as the hard drive media, display cover panel, and solar photovoltaic markets we serve currently.

In our Photonics business, we are a recognized leading developer of advanced high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. We are the provider of integrated digital imaging systems for most U.S. military night vision programs.

For more information, call 408-986-9888 or visit the Company’s website at www.intevac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005324/en/

Jim Moniz

Chief Financial Officer

(408) 986-9888

Claire McAdams

Investor Relations

(530) 265-9899

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Semiconductor Hardware Photography Audio/Video Technology

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Rimini Street Announces Additional Repurchase of $10 Million Par Value of Series A Preferred Stock

Transaction brings total par value of Series A Preferred Stock repurchased to $15 million including $5 million repurchased in October 2020

LAS VEGAS–(BUSINESS WIRE)–Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced the completion of repurchases totaling $15 million par value of Series A preferred stock at an aggregate purchase price of $13.45 million, or 89.7% of par value. Repurchases of $5 million took place on October 30, 2020 and $10 million on January 5, 2021. As part of the transaction terms, the requirement to pay “make-whole” dividends through the end of the “non-call” date of July 19, 2021, was waived and the repurchased shares were retired. Please see Rimini Street’s SEC 8-K filings made on November 2, 2020, and January 6, 2020, which include copies of the stock purchase agreements, for additional information.

“The repurchase of the preferred stock presented us with an opportunity to lower our cost of capital, increase cash flow and reduce the Series A preferred stock obligations. We continue to evaluate the capital markets for additional opportunities to lower our cost of capital and optimize our capital structure for the benefit of shareholders,” stated Michael L. Perica, chief financial officer, Rimini Street.

Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 5, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2021 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005365/en/

Investor Relations:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636

[email protected]

Media Relations:

Michelle McGlocklin

Rimini Street, Inc.

+1 925 523-8414

[email protected]

KEYWORDS: Nevada United States North America

INDUSTRY KEYWORDS: Networks Internet Data Management Technology Software

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Vivint Smart Home Wins “Connected Home Camera Product of the Year” Award

Annual IoT Breakthrough awards program recognizes top companies, technologies and products in the global Internet-of-Things market

PROVO, Utah–(BUSINESS WIRE)–Vivint Smart Home, Inc. (NYSE:VVNT) a leading smart home company, today announced that IoT Breakthrough named the Vivint Doorbell Camera Pro its “Connected Home Camera Product of the Year” for 2021. The Vivint Doorbell Camera Pro is the first video doorbell designed to intelligently detect packages and proactively deter porch pirates.

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“Vivint has moved video doorbell cameras beyond awareness to deterrence,” said Jim Nye, chief product officer at Vivint. “During a time when online shopping has increased dramatically, the Vivint Doorbell Camera Pro can protect an increasing number of deliveries with a combination of intelligence, optics and deterrent features. Vivint is providing homeowners with peace of mind by helping to prevent crime before it happens.”

The Vivint Doorbell Camera Pro features the industry’s first true 180-degree vertical and 180-degree horizontal field of view, along with a 1:1 aspect ratio, so you can see both the faces of tall visitors and packages left directly below the camera. The camera’s Smart Deter analytics will intelligently detect a package and actively monitor your porch to keep it safe. If someone attempts to steal your delivery, Smart Deter will activate the camera’s deterrent features—a red LED light ring and a warning tone to alert the person that they have been spotted. This also triggers a notification to your smartphone.

IoT Breakthrough recognizes the innovators, leaders and visionaries from around the globe in a range of IoT categories, including industrial and enterprise IoT, smart city technology, connected home and home automation, connected car and many more. This year’s program attracted more than 3,850 nominations from companies all over the world.

“Vivint is a pioneering innovator in the smart home space and their Vivint Doorbell Camera Pro continues their path of innovation, standing as the industry’s first video doorbell with analytics advanced enough to accurately detect packages and then proactively protect them,” said James Johnson, managing director at IoT Breakthrough. “Providing families with peace of mind by helping prevent crime before it happens certainly represents a true industry ‘breakthrough’ and this technology has never been more important for keeping people and their deliveries safe. We extend our congratulations to Vivint for winning our ‘Connected Home Camera Product of the Year’ award.”

The Vivint Doorbell Camera Pro works as a standalone product, or as part of an integrated Vivint system, which can include smart locks, lights, thermostats, indoor and outdoor cameras, garage door control, security sensors, car protection and more. With a Vivint system, you can control your entire home with a single top-rated app. You can use the Vivint Doorbell Camera Pro for two-way communication with visitors, with the ability to unlock the door for them or open the garage to receive deliveries, all from the same interface. For more information, visit www.vivint.com/products/doorbell-camera.

About Vivint Smart Home

Vivint Smart Home is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.7 million customers. For more information, visit www.vivint.com.

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Aaron Searle

Vivint Smart Home

[email protected]

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INDUSTRY KEYWORDS: Networks Internet Audio/Video Hardware Consumer Electronics Technology Mobile/Wireless Security

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With a combination of intelligence, optics and deterrent features, the Vivint Doorbell Camera Pro helps prevent crime before it happens. (Photo: Business Wire)

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The Vivint Doorbell Camera Pro intelligently detects packages and actively helps protect them from porch pirates and other potential threats. (Photo: Business Wire)

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Inseego Showcases the Power of 5G at CES 2021

— 5G leader shares its full portfolio of mobile broadband, fixed wireless access and cloud solutions for service providers and enterprise customers —

SAN DIEGO–(BUSINESS WIRE)–
Inseego Corp. (Nasdaq: INSG), a leader in 5G and intelligent IoT device-to-cloud solutions, will present its latest portfolio of 5G solutions this week at the Consumer Electronics Show (CES) 2021.

For the first time ever, CES is an all-digital experience. Inseego’s virtual showroom provides attendees with a first-hand look at the company’s newest 5G products, including:

5G MiFi® M2000 Series mobile hotspot – A CES 2021 Innovation Award Product honoree, the M2000 is the first commercially available 5G MiFi® mobile hotspot built on second-generation 5G technology, delivering blazing-fast speeds across 5G mmWave, sub-6 and 4G LTE networks, with Wi-Fi 6 technology to connect up to 30 devices. It’s now available at Verizon, T-Mobile, UScellular and other leading service providers in Europe, Middle East and Asia Pacific.

Inseego Wavemaker™ 5G indoor routers – The new Wavemaker FG2000 5G indoor router, now available at UScellular, is perfect for cord-cutters and customers who are underserved by wired networks. With dual-band Wi-Fi 6 technology and multiple ethernet ports, the FG2000 enables a wide variety of indoor broadband use cases. The smaller form factor Wavemaker FX2000 router is designed for uses such as cable modem replacement for residential Wi-Fi system as well as portable broadband applications and enterprise SD WAN connectivity. It supports up to 32 Wi-Fi connections along with a gigabit ethernet port.

Inseego Wavemaker™ 5G outdoor modems –The Wavemaker FW2000 5G outdoor modem is designed for sub-6 GHz 5G frequencies, with high-gain antennas for very long-range connectivity. Ruggedized with IP67-rated durability, the FW2000 is ideal for deployments where 5G coverage is a challenge. The upcoming Wavemaker FW2010 is an outdoor, ruggedized high-power mmWave solution that’s purpose-built for high-capacity use cases such as connectivity for apartment buildings, retail stores and commercial office campuses. The FW2010 is also a great solution for ultra-low latency enterprise applications such as smart grid, manufacturing and robotics.

Inseego Manage – This new suite of SaaS applications provides advanced management of 5G and 4G devices, making it faster, easier and more cost-effective for enterprises and service providers to provision, configure, deploy, support and secure devices through a single cloud management platform.

“Inseego led the way with breakthrough 5G products in 2020 and we’re proud to showcase our broad portfolio of next-generation 5G solutions at CES, including powerful new enterprise and cloud-based solutions for customers worldwide,” said Inseego Chairman and CEO Dan Mondor.

Customers and partners interested in reviewing Inseego’s extensive new 5G product portfolio can visit https://digital.ces.tech/home or schedule a private briefing by emailing [email protected].

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) is an industry pioneer in smart device-to-cloud solutions that extend the 5G network edge, enabling broader 5G coverage, multi-gigabit data speeds, low latency and strong security to deliver highly reliable internet access. Our innovative mobile broadband, fixed wireless access (FWA) solutions, and software platform incorporate the most advanced technologies (including 5G, 4G LTE, Wi-Fi 6 and others) into a wide range of products that provide robust connectivity indoors, outdoors and in the harshest industrial environments. Designed and developed in the USA, Inseego products and SaaS solutions build on the company’s patented technologies to provide the highest quality wireless connectivity for service providers, enterprises, and government entities worldwide. www.inseego.com #Putting5GtoWork

©2021 Inseego Corp. All rights reserved. The Inseego name and logo are registered trademarks, and the Wavemaker and Inseego Manage names are trademarks of Inseego Corp. Other Company, product or service names mentioned herein are the trademarks of their respective owners.

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Joo-Hun Kim, MKR Group

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Del Taco Sweetens Up its Menu with New Honey Mango Crispy Chicken

Beginning January 7, Three New Ways to Love Crispy Chicken with the Sweet Flavor of Honey and Mango Starting at Only $1

LAKE FOREST, Calif.–(BUSINESS WIRE)–Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican quick service restaurant*, continues to reinvent its popular crispy chicken menu items. Meet the Honey Mango Crispy Chicken lineup, Del Taco’s sweet start to 2021. For a limited time, the new sauce flavor will be available on the following items:**

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• $1 Honey Mango Crispy Chicken Taco: Crispy chicken strip, crisp lettuce, freshly grated cheddar cheese, Honey Mango Sauce, in a warm flour tortilla. Available on Del’$ Dollar Deal$ Menu.
• $4 Honey Mango 3 PC. Crispy Chicken & Churros Box: Three pieces of crispy chicken strips, mini churros sprinkled with cinnamon sugar, drizzled in honey mango sauce.
• $5 Epic Honey Mango Crispy Chicken & Bacon Burrito: Loaded with crispy chicken strips, crisp bacon, Del Taco’s famous Crinkle Cut fries, freshly grated cheddar cheese, cool sour cream, and honey mango sauce wrapped in a warm, oversized flour tortilla.

“Our new Honey Mango sauce will remind crispy chicken fans of that sweet and sour sauce they grew up with, but with a Del Taco flavor twist,” said Tim Hackbardt, Del Taco’s Chief Marketing Officer. “For crispy chicken lovers, our Honey Mango is a must try flavor whether it’s on a Crispy Chicken Taco for only a dollar, drizzled over Chicken & Churros, or devoured in an Epic Crispy Chicken Burrito full of bacon, sour cream and our famous Crinkle Cut fries.”

To promote the new Honey Mango menu items, Del Taco will bring back its resident musician Crys P, but this time with the sweet sounds of his new boy band group, the CRYS*P BOYZ. The group will drop its new hit “Bang, Bang, Bango,” on Instagram, Twitter and Facebook on Monday, January 11, where they profess their love for Honey Mango Crispy Chicken Taco through high notes and smooth choreography.

For more information about Del Taco, and to find Honey Mango Crispy Chicken near you, visit www.deltaco.com.

*By number of units

**Price and participation may vary

About Del Taco Restaurants, Inc.

Del Taco (NASDAQ: TACO) offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant’s working kitchen with the value and convenience of a drive-thru. Del Taco’s menu items taste better because they are made with quality ingredients like fresh grilled chicken and carne asada steak, freshly made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco.

Founded in 1964, today Del Taco serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding and grilling menu items from scratch. For more information, visit www.deltaco.com.

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Allison+Partners for Del Taco

Annie Drury

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Del Taco launches three new ways to love Crispy Chicken with the flavor of honey and mango: the $1 Honey Mango Crispy Chicken Taco, the $4 Honey Mango 3 PC. Crispy Chicken & Churros Box and the $5 Epic Honey Mango Crispy Chicken & Bacon Burrito. (Photo: Business Wire)

Underscoring Critical Role of Science in a Smoke-Free Future, Philip Morris International Brings on Former Sanofi Exec as Chief Life Sciences Officer

LAUSANNE, Switzerland–(BUSINESS WIRE)–
Philip Morris International Inc. (PMI) (NYSE: PM) today announced the appointment of Jorge Insuasty to the position of Chief Life Sciences Officer, effective Jan. 15, 2021. Mr. Insuasty will report to the company’s CEO, André Calantzopoulos.

“Jorge’s wealth of experience across both the pharmaceutical and consumer healthcare industries makes him the ideal candidate to succeed John O’Mullane, who is retiring,” said Calantzopoulos. “Jorge is a transformational leader in science and medicine and excels in driving product portfolio development through to market success. Science and a consumer-focused product portfolio are the cornerstones of our ambition to replace cigarettes with products that are a better choice than continued smoking. Jorge’s impressive track record will help ensure we reach our goals and take full advantage of adjacent revenue-generating opportunities.”

Mr. Insuasty joins PMI from Sanofi S.A., where most recently he was the Global Franchise Head of Immunology, Oncology, and Neurology for Sanofi Genzyme. During his nine-year tenure at Sanofi he led the company’s product pipeline strategy, from candidate selection through the development and regulatory review processes, with a dozen novel drugs approved. He orchestrated significant transformational change within the R&D and commercial functions to substantially increase speed and efficiency, fostered external collaboration and innovation, and was highly engaged with the investor community. Overall, he played a pivotal role in the turnaround of Sanofi’s R&D efforts.

Prior to Sanofi, Mr. Insuasty spent eight years at Novartis International AG as Global Head of Development, Neuroscience, and Ophthalmology. Before that, he was VP, Research and Development, Consumer Medicines at Bristol Myers Squibb. Mr. Insuasty holds an MD in cardiology from the University of Paris.

“I am very excited to join PMI,” said Insuasty. “The company’s transformation, and smoke-free vision represent a tremendous public health opportunity and a business challenge, both of which I will be thrilled to contribute toward. And I also look forward to developing adjacent future growth drivers.”

This appointment follows the recent announcement that John O’Mullane, PMI’s current Chief Life Sciences Officer, will retire.

“We thank John for the enormous contributions he has made these last two years, driving innovation and rigor into our life sciences function, and we wish him well in his retirement,” added Calantzopoulos.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company, and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. In addition, PMI ships a version of its IQOS Platform 1 device and its consumables to Altria Group, Inc. for sale under license in the U.S., where the U.S. Food and Drug Administration (FDA) has authorized their marketing as a modified risk tobacco product (MRTP), finding that an exposure modification order for these products is appropriate to promote the public health. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI’s smoke-free product portfolio includes heat-not-burn and nicotine-containing vapor products. As of Sept. 30, 2020, PMI estimates that approximately 11.7 million adult smokers around the world have already stopped smoking and switched to PMI’s heat-not-burn product, available for sale in 61 markets in key cities or nationwide under the IQOS brand. For more information, please visit www.pmi.com and www.pmiscience.com.

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David Fraser

Philip Morris International

T. +41 (0)79 843 8603

E. [email protected]

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INDUSTRY KEYWORDS: Marketing Retail Communications Health Tobacco General Health

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