Market Newsdesk

DENVER, Dec. 17, 2020 (GLOBE NEWSWIRE) — Axcient, a leader in business availability software for Managed Service Providers (MSPs), announced today that CRN^®, a brand of The Channel Company, has named the company to its first-ever 2020 Edge Computing 100 list. This new list, selected by a panel of respected CRN editors, recognizes leading vendors whose technology in areas such as infrastructure and cloud; 5G, IoT and edge services; software, and security provide the building blocks channel partners need to develop next-generation intelligent edge solutions that bring data collection and processing closer to users.

“Axcient offers partners an innovative, unified platform to cure data lost for their clients and a dedicated support team to address any concerns quickly,” said David Bennett, CEO at Axcient. “Our goal is to keep businesses up and running with our technology, provide the power to choose through Direct-to-Cloud—our appliance-free BCDR solution, and offer a great experience to MSP partners who are managing business continuity and disaster recovery for their clients. We thank CRN for recognizing Axcient as a leader in the industry when it comes to helping partners Protect Everything™ for their clients.”

“Increasing data collection and processing power at the edge is the foundation needed to create intelligent systems, enabling companies to improve efficiency and productivity and work smarter,” said Blaine Raddon, CEO at The Channel Company. “CRN’s Edge Computing 100 list identifies leaders in edge computing who empower partners to deliver reliable and innovative solutions that maximize data analytics, performance, and security for their customers.”

The 2020 Edge Computing 100 list will be featured in a special December 2020 issue of CRN and online at www.crn.com/edge100.

To learn more about Axcient, please visit www.axcient.com.

About Axcient

Axcient is an award-winning leader in business availability software for Managed Service Providers (MSPs). Axcient x360 empowers MSPs to Protect Everything™ by combining SaaS Backup, BCDR, and secure File Sync & Share into one platform and experience. Trusted by MSPs worldwide, Axcient protects business data and continuity from events such as security breaches, human error, and natural disasters. For more information, visit www.axcient.com.

About The Channel Company

The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.com

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Media Contact

Amanda Lee


ARL Strategic Communications
 for Axcient
(727) 272-0781
[email protected]

BRYN MAWR, Pa., Dec. 17, 2020 (GLOBE NEWSWIRE) — Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today the launch of its newly redesigned website, bmt.com. The new site features a crisp, clean, modern design with improved functionality and easy access to personal banking, small business, commercial, wealth management, and insurance services.

The redesign is fully responsive and optimized to ensure visitors have a user-friendly, streamlined experience across all digital platforms and devices. 

Some of the new features the site enhancements include are:

• Category breakouts to help better navigate through the website with visitor needs in mind, including personal, small business, commercial, wealth management, insurance
• BMT’s Investor Relations site is integrated to deliver an all-in-one browsing experience.
• Improved Find a BMT location search to help visitors quickly find information for the banking, wealth, or insurance office near them.
• Enhanced Financial Calculators to help visitors better evaluate different financial scenarios.
• An enhanced Financial Insights section that provides industry-related content.

The new intuitive design will help users quickly find and access the information. In addition to the website, Banking clients can access their banking accounts from our mobile banking app, available on the Apple^® App Store^® and the Google Play™ store.

Frank Leto, president and chief executive officer of Bryn Mawr Bank Corporation, referenced the Corporation’s long-term strategic planning and investment in best-in-class technology. “The newly design bmt.com is our digital face to prospects and valued clients,” said Leto. “Our objective was to redesign the site with user-experience in mind and provide a place where visitors can get relevant information to assist them with financial needs. We are particularly pleased that we can now better represent ‘OneBMT,’ which provides solutions in Commercial and Retail Banking, Wealth Management, and Insurance.”

Apple^® and App Store^® are registered trademarks of Apple Inc.
Google Play™ is a trademark of Google LLC

Bryn Mawr Bank Corporation (NASDAQ: BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889 and is headquartered in Bryn Mawr, Pa. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $5.05 billion in corporate assets and $17.24 billion in wealth assets under management, administration, supervision, and brokerage (as of 9/30/20). Today, the company operates 41 banking locations, seven (7) wealth management offices and two (2) insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. For more information, visit bmt.com.

FORWARD-LOOKING STATEMENTS AND SAFE HARBOR

This communication contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporation’s future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation’s underlying assumptions. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “indicate,” “estimate,” “target,” “potentially,” “promising,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “strategy,” “forecast,” “project,” “annualized,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this communication are cautioned that such statements are only predictions, and that the Corporation’s actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporation’s control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. The COVID-19 pandemic (the “Pandemic”) is adversely affecting us, our clients, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. Continued deterioration in general business and economic conditions, including further increases in unemployment rates, or turbulence in domestic or global financial markets could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding, lead to a tightening of credit, and further increase stock price volatility. In addition, changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to the Pandemic, could affect us in substantial and unpredictable ways. Other factors include, among others, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices or accounting standards, including ASU 2016-13 (Topic 326), “Measurement of Credit Losses on Financial Instruments,” commonly referenced as the Current Expected Credit Loss model, which has changed how we estimate credit losses and may result in further increases in the required level of our allowance for credit losses; unanticipated regulatory or legal proceedings, outcomes of litigation or other contingencies; cybersecurity events; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; uncertainty regarding the future of LIBOR; the impact of public health issues and pandemics, and their effects on the economic and business environments in which we operate, the effect of the Pandemic, including on our credit quality and business operations, as well as its impact on general economic and financial market conditions; and other factors as described in our securities filings with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements and information set forth herein are based on Corporation management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.

For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the SEC, including our most recent Annual Report on Form 10-K, as updated by our quarterly or other reports subsequently filed with the SEC, including our most recent Quarterly Report on Form 10-Q.

FOR MORE INFORMATION:

Tina McDonald
Senior Vice President, Marketing
610.581.4875

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cff2e6b-3021-440b-8f12-71487c2811f9

WESTFORD, Mass., Dec. 17, 2020 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) was included in Fortune’s 2020 list of the 100 fastest-growing companies in the world. In its debut appearance on the list, Kadant was ranked by Fortune as one of the world’s best three-year performers in revenue growth, EPS growth, and annualized total return for the period ending June 30, 2020. To be eligible, companies must trade on a U.S. stock exchange and report results in U.S. dollars, among other qualification criteria.

“We are delighted to be recognized as one of the top 100 fastest-growing companies, especially while the pandemic continues to present challenges to our global economy. This recognition is indicative of our continued focus on executing our growth strategies through technology innovation and our strong commitment to our customers,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “Kadant plays a critical role in solving process industry challenges with engineering expertise and solutions that reduce the utilization of natural resources, increase productivity, and minimize energy consumption to deliver the best possible solution to our customers.”

More information about the 2020 rankings is available at www.fortune.com/100-fastest-growing-companies/2020. All registered trademarks are property of their respective owners.

About Kadant

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,700 employees in 20 countries worldwide. For more information, visit www.kadant.com.

Safe Harbor Statement

The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our products, technologies, and markets. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s annual report on Form 10-K for the year ended December 28, 2019 and subsequent filings with the Securities and Exchange Commission.

Contacts

Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected] 

or

Media Contact Information:
Wes Martz, 269-278-1715
[email protected] 

OXNARD, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) — Avocado consumption data from Mission Produce, Inc. (NASDAQ:AVO) (“Mission”), the world leader in sourcing, producing, and distributing fresh avocados, shows that this year is set to be a banner year for the fruit, with the U.S. consuming more avocados in 2020 than ever before. The U.S. is on track to consume 6.25 billion avocados this year, up from just 3.81 billion in 2014, according to shopper data, showing that avocados have become a staple in the U.S. diet and are no longer a luxury fruit. In fiscal 2019, Mission distributed 559 million pounds of avocados, which is 58% more than the closest competitor in terms of volume.

Breaking that 6.25 billion number down, the average person in the U.S. will consume about 8.5 pounds of avocados in 2020, up from only seven pounds in 2014. Additionally, the data estimates that 71% of U.S. households will have purchased avocados in 2020, with the average household spending around $34 on avocados per year, up from $22 in 2014. The data also shows that purchase frequency has increased steadily, with the U.S. consumer buying avocados at an average of 11 times per year, up from eight in 2014.

“Since we introduced ready-to-eat, ripe avocados to the market, we’ve seen a significant and steady upswing in the popularity of avocados in the U.S.,” said Mission CEO and President Steve Barnard. “Ripe avocados mean Americans can enjoy them right away. Plus, avocados are nutrient-dense, versatile, and delicious, and as soon as Americans – millennials in particular – started noticing that, the fruit really took off.”

This overall growth is driven by multiple factors, including a continued increase of avocado supply in the market, versatility and industry marketing and promotion. Mission Produce has driven category growth through value-added programs tailored to consumer needs: ‘Minis,’ Small, but Mighty; ‘Emeralds in the Rough;’ ‘Jumbos,’ More to eat, More to love; ‘Ready;’ and ‘Size Minded.’ Nutrition is also a factor driving growth. According to a 2019 Mintel survey, over 60% of millennials believe their generation is more focused on health than any other generation, favoring less processed foods with fewer artificial ingredients.

“We’ve seen that as restaurants are closed during the pandemic and everyone is staying home, people are looking for nutritious ingredients that they can get creative with to please the whole household,” added Barnard. “Since avocados fit that need, they’ve become even more of a staple to a large percent of the population.”

About Mission Produce, Inc.:
Mission Produce is the world’s most advanced avocado network. For more than 35 years, Mission Produce has been recognized as the leader in the worldwide avocado business, sourcing, producing and distributing fresh avocados, servicing retail, wholesale and foodservice customers in over 25 countries. The vertically integrated Company owns and operates four state-of-the-art avocado packing facilities in key growing locations globally including California, Mexico & Peru and has additional sourcing capabilities in Chile, Colombia, Dominican Republic, Guatemala, New Zealand, & South Africa. Mission’s global distribution network includes eleven forward distribution centers in North America, China & Europe that offer value-added services such as ripening, bagging, custom packing and logistical management. In addition, Mission owns over 11,000 acres globally, allowing for diversified sourcing and access to complementary growing seasons, while ensuring its customers receive the highest quality fruit possible.  Mission is the largest global supplier of the World’s Finest Avocados, for more information please visit worldsfinestavocados.com.

Contact

Denise Junqueiro
Senior Director of Marketing and Communications
Mission Produce, Inc.
[email protected]