Market Newsdesk

NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) — Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, will host a webcast today to provide a corporate update.

The webcast will begin at 9.00am AEDT, Tuesday, December 15; 5.00pm EST, Monday, December 14, 2020. It can be accessed via https://webcast.boardroom.media/mesoblast-limited/20201214/NaN5fd6e483de11ae0019f60917

The archived webcast will be available on the Investor page of the Company’s website:
www.mesoblast.com

About Mesoblast

Mesoblast is a world leader in developing allogeneic (off-the-shelf) cellular medicines. The Company has leveraged its proprietary mesenchymal lineage cell therapy technology platform to establish a broad portfolio of commercial products and late-stage product candidates. Mesoblast has a strong and extensive global intellectual property portfolio with protection extending through to at least 2040 in all major markets. The Company’s proprietary manufacturing processes yield industrial-scale, cryopreserved, off-the-shelf, cellular medicines. These cell therapies, with defined pharmaceutical release criteria, are planned to be readily available to patients worldwide.

Remestemcel-L is being developed for inflammatory diseases in children and adults including steroid refractory acute graft versus host disease and moderate to severe acute respiratory distress syndrome. Mesoblast has completed Phase 3 trials of rexelemestrocel-L for advanced heart failure and chronic low back pain. Two products have been commercialized in Japan and Europe by Mesoblast’s licensees, and the Company has established commercial partnerships in Europe and China for certain Phase 3 assets.

Mesoblast has locations in Australia, the United States and Singapore and is listed on the Australian Securities Exchange (MSB) and on the Nasdaq (MESO). For more information, please see www.mesoblast.com, LinkedIn: Mesoblast Limited and Twitter: @Mesoblast

Forward-Looking Statements

This announcement includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “intend,” “likely,” “look forward to,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions and variations thereof. We make such forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements should not be read as a guarantee of future performance or results, and actual results may differ from the results anticipated in these forward-looking statements, and the differences may be material and adverse. The risks, uncertainties and other factors that may impact our forward-looking statements include, but are not limited to: the timing, progress and results of Mesoblast’s preclinical and clinical studies; Mesoblast’s ability to advance product candidates into, enroll and successfully complete, clinical studies; the timing or likelihood of regulatory filings and approvals; and the pricing and reimbursement of Mesoblast’s product candidates, if approved; Mesoblast’s ability to establish and maintain intellectual property on its product candidates and Mesoblast’s ability to successfully defend these in cases of alleged infringement. You should read this press release together with our risk factors, in our most recently filed reports with the SEC or on our website. Uncertainties and risks that may cause Mesoblast’s actual results, performance or achievements to be materially different from those which may be expressed or implied by such statements, and accordingly, you should not place undue reliance on these forward-looking statements. Unless required by law, we do not undertake any obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Release authorized by the Chief Executive

For more information, please contact:

Corporate Communications / Investors
Schond Greenway T: +1 212 880 2060 E: [email protected]		Paul Hughes T: +61 3 9639 6036 E: [email protected]
Media Kristen Bothwell T: +1 917 613 5434 E: [email protected]

Management’s latest round of behaviour confirms concerns raised by Black leaders last week about the unfitness of Tropicana management to Federal funds. The Federal government should select another leading Black organization to serve this role until frontline Tropicana workers are back to work.

TORONTO, Dec. 14, 2020 (GLOBE NEWSWIRE) — As the workers’ strike enters its 7th week, Tropicana management puts down a final offer that includes claw-backs on paid time off, further years of wage freezes for most workers, and cutbacks to benefits and wages for new employees. The offer represents a net decrease in current compensation. When workers countered with their long-standing demand for a modest wage increase of 1% per year over the next three years, Tropicana management stormed out of bargaining.

Instead of seeking to quickly resolve the labour dispute, management’s approach seeks to needless extend picketing through the holiday season and amid a worsening pandemic. Management has demonstrated that its real goal is to break the spirit of workers and impede their right to a fair first collective agreement.

Sylvia Waldron works as an administrator for Tropicana and has been with the organization for over 30 years. She says of the offer: “After the claw-backs on benefit premiums and paid time off, this offer would have us working more hours for less pay. We’ve endured years and years of wage freeze and we’ve been on strike for 6 weeks. This offer is an insult.”

A majority of Tropicana workers would see their wages continue to be frozen, and instead, they would be given a yearly lump sum payment of around $200. But since this is accompanied by removing two existing days of paid time off, most workers would experience a net decrease in total wages. The offer would also lower the wage and benefits floor for new employees.

As the strike enters the 7th week, Tropicana continues egregiously misusing public funds on strike-breakers, anti-union consultants, and security guards instead of providing fair wages for frontline staff. Management’s latest round of behaviour confirms concerns raised by the Coalition of Black Trade Unionists, Black union leaders, and Matthew Green MP last week about the fitness of Tropicana management to Federal funds. The Federal government should select another leading Black organization to serve this role until frontline Tropicana workers are back to work.

SEIU Local 2 represents workers in Nova Scotia, Ontario, Alberta, New Brunswick and British Columbia.

Contact:
Assya Moustaqim-Barrette
[email protected]
416-274-4903

SEATTLE, Dec. 14, 2020 (GLOBE NEWSWIRE) — Porch.com, Inc. (“Porch” or “the Company”), a leading software and services platform reinventing the home services industry, is scheduled to participate at the MKM Partners Virtual Conference on Tuesday, December 15, 2020.

Porch CEO, Chairman and Founder Matt Ehrlichman is scheduled to participate in a fireside chat at 3:10 p.m. Eastern time, with one-on-one meetings held throughout the conference.

The fireside chat is available for webcast by clicking here.

To schedule a one-on-one meeting, request a conference invitation or receive additional information, please contact Porch’s investor relations team—Gateway IR—at (949) 574-3860.

In July, Porch.com announced a merger agreement with PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech” or “PTAC”), a special purpose acquisition company targeting businesses in the real estate technology industry, that would result in Porch becoming a publicly listed company. With the expansion of its leadership team, Porch.com is well positioned to go public later this month.

About


Porch



Seattle-based Porch, the vertical software platform for the home, provides software and services to more than 10,500 home services companies such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, moving, security, TV/internet, home repair and improvement, and more. To learn more about Porch, visit porchcorp.com.

About PropTech Acquisition Corporation

PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses focused on real estate technology. For more information, visit proptechacquisition.com.

PropTech and Porch Business Combination Summary

On July 30, 2020, Porch entered into a definitive agreement with PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech”), a special purpose acquisition company targeting businesses in the real estate technology industry, which would result in Porch becoming a publicly listed company. Upon closing of the transaction, which is expected to occur in Q4 2020, PropTech will be renamed Porch Group, Inc. and is expected to remain listed on the Nasdaq Capital Market under the new ticker symbol “PRCH.”

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or PTAC’s or Porch’s future financial or operating performance. These statements are based on the beliefs and assumptions of the management of PTAC and Porch. Although PTAC and Porch believe that their respective plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, neither PTAC nor Porch can assure you that either will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the anticipated merger closing timing and the ability of PTAC and Porch prior to the merger, and the combined company following the merger (“New Porch”), to: access, collect and use personal data about consumers; execute its business strategy, including monetization of services provided and expansions in and into existing and new lines of business; anticipate the impact of the coronavirus disease 2019 (“COVID-19”) pandemic and its effect on business and financial conditions; manage risks associated with operational changes in response to the COVID-19 pandemic; meet the closing conditions to the merger, including approval by stockholders of PTAC and Porch on the expected terms and schedule; realize the benefits expected from the proposed merger; anticipate the uncertainties inherent in the development of new business lines and business strategies; retain and hire necessary employees; increase brand awareness; attract, train and retain effective officers, key employees or directors; upgrade and maintain information technology systems; acquire and protect intellectual property; meet future liquidity requirements and comply with restrictive covenants related to long-term indebtedness; effectively respond to general economic and business conditions; maintain the listing on, or the delisting of PTAC’s or New Porch’s securities from, NASDAQ or an inability to have our securities listed on the NASDAQ or another national securities exchange following the merger; obtain additional capital, including use of the debt market; enhance future operating and financial results; successfully execute expansion plans; anticipate rapid technological changes; comply with laws and regulations applicable to its business, including laws and regulations related to data privacy and insurance operations; stay abreast of modified or new laws and regulations applying to its business, including copyright and privacy regulation; anticipate the impact of, and response to, new accounting standards; respond to fluctuations in foreign currency exchange rates and political unrest and regulatory changes in international markets from various events; anticipate the significance and timing of contractual obligations; maintain key strategic relationships with partners and distributors; respond to uncertainties associated with product and service development and market acceptance; anticipate the impact of new U.S. federal income tax law, including the impact on deferred tax assets; successfully defend litigation; successfully deploy the proceeds from the merger; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in PTAC’s Annual Report on Form 10 K for the fiscal year ended December 31, 2019, the section entitled “Risk Factors” in PTAC’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020, the sections entitled “Risk Factors” and “Forward-Looking Statements; Market, Ranking and Other Industry Data” in the definitive proxy statement/consent solicitation statement/prospectus filed by PTAC and other documents of PTAC filed, or to be filed, with the SEC. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither PTAC nor Porch undertakes any duty to update these forward-looking statements, except as otherwise required by law.

Participants in the Solicitation

PTAC and its directors and executive officers may be deemed participants in the solicitation of proxies from PTAC’s shareholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in PTAC is contained in PTAC’s annual report on Form 10 K for the fiscal year ended December 31, 2019, which was filed with the SEC and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants is set forth in the definitive proxy statement/consent solicitation statement/prospectus for the proposed business combination.

Porch and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of PTAC in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination is set forth in the definitive proxy statement/consent solicitation statement/prospectus for the proposed business combination.

Additional Information About the Proposed Business Combination and Where to Find It

The business combination will be submitted to stockholders of PTAC for their consideration. PTAC has filed a registration statement on Form S-4 with the SEC containing a preliminary proxy statement and a preliminary prospectus of PTAC and a preliminary consent solicitation statement of Porch. After the registration statement was declared effective, PTAC mailed a definitive proxy statement/consent solicitation statement/prospectus relating to the proposed business combination to its shareholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. PTAC’s shareholders and other interested persons are advised to read the definitive proxy statement/consent solicitation statement/prospectus and, when available, the amendments thereto and other documents filed in connection with the proposed business combination, as these materials will contain important information about Porch, PTAC and the business combination. The definitive proxy statement/consent solicitation statement/prospectus and other relevant materials for the proposed business combination were mailed to shareholders of PTAC as of November 27, 2020, the record date for voting on the proposed business combination. Shareholders can also obtain copies of the preliminary proxy statement/consent solicitation statement/prospectus, the definitive proxy statement/consent solicitation statement/prospectus and other documents filed with the SEC, without charge, at the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Investor Relations contact:

Gateway Investor Relations
Cody Slach, Matt Glover
(949) 574-3860
[email protected]

PropTech Contact:

[email protected]

SAN FRANCISCO, Dec. 14, 2020 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, today announced that Kevin King will retire as President and CEO effective January 12, 2021. Mr. King will continue to serve on iRhythm’s board of directors and as an advisor to the business. Effective the same date, Mike Coyle will join the company as President and CEO and as a member of its board of directors.

Under King’s leadership, iRhythm successfully completed an IPO in 2016, achieved record financial growth and increased shareholder value significantly. During his tenure, the company’s annual revenue grew from approximately $5 million in 2011 to projected analyst consensus of $263 million in 2020, while increasing its market capitalization from approximately $80 million to more than $5.5 billion over the same time period. 

“On behalf of iRhythm’s board of directors, I want to thank Kevin for his leadership and strategic contributions during his nine years at iRhythm. During his tenure, Kevin created and led the company’s strategic initiatives to redefine how cardiac arrhythmias are diagnosed and treated, built a strong management team and created tremendous value for multiple stakeholders since its pre-IPO period,” said Abhijit Talwalkar, iRhythm’s Chairman. “Kevin’s vision and focused execution have enabled the company to meaningfully deepen its presence while expanding the market. We are delighted that he will continue his role as a board member and for a period of time as an advisor. We look forward to his continued contributions through the next phase of iRhythm’s growth.”

“I am extremely proud of all that we have accomplished, particularly the culture and team that we have built at iRhythm and the impact we have had with our Zio Service on the lives of more than three million patients,” said Kevin King, iRhythm President and CEO. “While the timing of any CEO transition is never easy, succession planning has been a thorough and thoughtful process. Our business outlook remains very strong with substantial opportunity for continued growth and expansion. I am confident that under Mike’s leadership, iRhythm will continue to drive meaningful growth while delivering operational excellence.”

On the appointment of Mr. Coyle, Talwalkar continued, “Mike is a proven leader in the healthcare industry with notable experience building and scaling multi-billion dollar businesses globally, particularly in cardiology. We look forward to his expertise and leadership as iRhythm enters the next phase of growth and expansion, and are confident that Mike will ensure iRhythm stays at the forefront of innovation, fully leveraging the significant opportunities to reach the next level of market leadership.”

“This is an exciting time in iRhythm’s history, and I am grateful for the opportunity to build on the strong foundation and lead such an amazing company,” said Mike Coyle, iRhythm’s incoming President and CEO. “Cardiac arrhythmias in general, and atrial fibrillation in particular, are dangerous and significantly underdiagnosed conditions among patients worldwide. iRhythm’s highly innovative Zio platform, as well as its leadership position in AI-enabled arrhythmia detection, can significantly improve how these patients are identified so they can receive the treatment that they need. I look forward to working with this talented and well-established team to build on the tremendous growth opportunities that lie ahead.”

Prior to joining iRhythm, Mike Coyle served as an Executive Officer of Medtronic, Plc from 2009 through 2020. During this period, he served as Executive Vice President and Group President for the Cardiovascular Group, responsible for establishing strategic direction and optimizing enterprise performance for Medtronic’s Cardiovascular Device businesses. Prior to Medtronic, Mike provided leadership consulting services to private equity, venture capital, and medical device technology firms from 2007 to 2009. Prior to that, Mike served as a divisional president at St. Jude Medical, where he led the company’s global pacemaker, implantable cardioverter defibrillator, and cardiac resynchronization businesses. He also led the company’s Daig Catheter division in an earlier president role. Additionally, Mr. Coyle held numerous leadership positions at Eli Lilly & Company. He earned a bachelor’s degree from Case Western Reserve University and a master’s degree in business administration from the Wharton School of Business, University of Pennsylvania. He currently serves on the board of directors for Haemonetics Corporation.

About iRhythm Technologies, Inc.

iRhythm is a leading digital health care company redefining the way cardiac arrhythmias are clinically diagnosed. The company combines wearable biosensor devices worn for up to 14 days and cloud-based data analytics with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company believes improvements in arrhythmia detection and characterization have the potential to change clinical management of patients.

Forward-Looking Statements

This news release contains 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 and the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the Chief Executive Officer transition and the addition of a member to our Board of Directors. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include risks described in the section entitled “Risk Factors” and elsewhere in our filing made with the Securities and Exchange Commission on the Form 10-Q on November 6, 2020. These forward-looking statements speak only as of the date hereof and should not be unduly relied upon. iRhythm disclaims any obligation to update these forward-looking statements.

Investor Relations Contact

Lynn Pieper Lewis or Leigh Salvo
(415) 937-5404
[email protected]

Media Contact
Saige Smith  
(262) 289-7065
[email protected]

BOISE, Idaho, Dec. 14, 2020 (GLOBE NEWSWIRE) — Using wireless broadband for connectivity has always been ideal for business continuity and connecting critical assets in places wires can’t go—from vehicles, to field forces, to remote kiosks. But now, even branch locations are realizing the benefits, as today’s LTE networks are more pervasive and getting faster with the deployment of Gigabit LTE and 5G. These realities are ushering in the Wireless WAN era and giving rise to wireless as a preferred broadband connectivity for branches, stores, and other fixed sites — traditionally the domain of wired networks. 

The concept of an entirely primary wireless network is best demonstrated by WISE Employment, a non-profit company that chose to ditch its static wired network infrastructure, to improve performance in its branch offices, and increase agility. By deploying wireless edge routers to provide Internet and connectivity to over 160 offices across Australia, with more than 1,000 employees, WISE’s wireless plans came to fruition.

Cradlepoint
, the global leader in cloud-delivered LTE and 5G wireless network edge solutions, has been leading the Wireless WAN revolution, proving software-driven 4G and 5G cellular routers are enabling companies to cut costs, improve agility and prepare for 5G. Mark Havill, CIO, WISE Employment Services overcame the challenges of installation costs for broadband at each new site, combined with unacceptable wired broadband downtime by implementing Cradlepoint’s cellular Wireless WAN solutions across all sites.

“Network issues were impacting productivity and blowing out costs, making the move to Wireless WAN essential,” says Havill. “As a result, we have reduced downtime and improved performance, discovered newfound IT agility, and are now in a better position to introduce new technologies, such as 5G.”

Cradlepoint’s wireless all-in-one routers connect a variety of in-office devices and applications while its NetCloud Service provides the cloud control and ease of deployment necessary to centrally manage and quickly expand these widespread offices.

How WISE ‘cut the cord’

As part of the transition to Wireless WAN, WISE Employment did the following:

• Replaced VDSL lines with Cradlepoint’s NetCloud Service for Branch and LTE-enabled AER2200 all-in-one routers to connect PCs, CCTV, guest Wi-Fi, networked printers and other devices.
• Replaced all employee desk phones with mobile phones that display WISE’s corporate identity to business callers but can be used for personal use.
• Replaced all employee PCs with laptops supported by SIM cards and a data plan.
• Securely connected traffic from WISE’s laptops, wireless routers, and guest Wi-Fi through a Telstra private network (APN), then through firewalls at the WISE data centre and onto the Internet.

COVID-readiness, cost-savings and more

The transition from wired to wireless connectivity reduced WISE’s per-site average monthly network cost from nearly $1,500 a month to approximately $900, including SIM cards for phones, PCs, and routers, and subscriptions to Cradlepoint’s NetCloud Service.

“When the CFO announced we had saved money by deploying Cradlepoint solutions, it marked a huge achievement. However, our move to mobile wireless has also driven down costs across the board — from phones to PCs to WAN access,” Havill says.

Just as critically, when the events of 2020 took hold, WISE was prepared.

“We have known for years that mobile broadband is the gift that keeps on giving. In the early days of the COVID-19 pandemic, our competitors were scrambling. We simply picked up our kits and moved to new locations,” Havill notes.

Looking ahead to 5G

Given WISE’s highly successful rollout of all-wireless networking, the IT team is investigating how 5G can help job-seekers.

WISE is now exploring 5G-enabled technologies including:

• Virtual reality to allow job seekers to experience trades such as welding in a safe, hands-on environment;
• Bioengineering or exoskeletal assistance to help clients with more severe physical disabilities; and
• VR and AR for virtual training.

“It’s impressive to see WISE so readily embracing the move to Wireless WAN and as a result being able to weather the storm of 2020 without significant network disruption,” says Gavin Wilson, Managing Director APAC, Cradlepoint. “WISE has achieved results that illustrate why businesses are including wireless options as part of their network mix and reinforce that the days of fixed-only business internet are numbered.”

Research
r
eveals that 51% of Australian organizations plan to start using or increase 4G/LTE technology in the coming year, while 73% plan to start using (or increase) 5G technology use in the next 12 months. A similar trendline is seen in the U.S. with data finding that 78% of companies use or plan to use LTE to provide WAN or internet connectivity, and 82% noting they believe 5G will deliver increased WAN speeds within the next year.

About WISE Employment

Since 1992, as one of Australia’s leading not-for-profit employment services providers, WISE Employment has helped hundreds of thousands of job seekers to find work with inclusive employers who recognise and value diversity.

About Cradlepoint

Cradlepoin
t is a global leader in cloud-delivered 4G and 5G wireless network edge solutions. Cradlepoint’s NetCloud™ platform and cellular routers deliver a pervasive, secure, and software-defined Wireless WAN edge to connect people, places, and things – anywhere. More than 25,000 businesses and government agencies around the world, including many Global 2000 organizations and top public sector agencies, rely on Cradlepoint to keep mission-critical sites, points of commerce, field forces, vehicles, and IoT devices always connected. Cradlepoint was founded in 2006, acquired by Ericsson in 2020, and operates today as a standalone subsidiary within Ericsson’s Business Area Technologies and New Businesses. Cradlepoint is headquartered in Boise, Idaho, with development centers in Silicon Valley and India and international offices in the UK and Australia. www.cradlepoint.com

Media contact:

HOLLY LANGBEIN

Highwire PR
[email protected]
+1 (916) 769-2199

Dubuque, IA, Dec. 14, 2020 (GLOBE NEWSWIRE) — DUBUQUE, IA – Heartland Financial USA, Inc. (“Heartland”), a diversified financial services company with 11 community banks in the Midwest, Southwest and Western United States, announced that Christopher S. Hylen will serve as an independent director on the Heartland Board of Directors.

“With more than 25 years of technology and business leadership experience, Chris is a high-caliber executive who brings a special depth of knowledge and perspective to the Heartland Board of Directors,” commented Lynn B. Fuller, Executive Operating Chairman. “We will benefit from his executive-level leadership, his vast experience in using technology to enable extraordinary client experiences and his laser focus on delivering value to clients and shareholders,” added Fuller.

Christopher Hylen is an experienced technology and financial services executive. Chris serves as Chief Executive Officer and a member of the Board of Directors at Reltio, Inc. a software as a serve company with the only cloud-native master data management platform. Reltio is on a mission to enable digital transformation by delivering a single source of truth for enterprise data. Previously, Chris served as Chief Executive Officer of Imperva, a leading cybersecurity company, where he led the growth of the company and spearheaded its acquisition by Thoma Bravo. Before joining Imperva, Chris served on the Board of Directors for ADT Security and has held leadership roles at Citrix, Intuit and American Express.

“I am delighted to welcome Chris to Heartland’s Board of Directors. Chris is a proven strategic leader and is experienced in navigating the rapidly evolving digital landscape. His business acumen, technological prowess and passion for delivering extraordinary customer experiences and contributing to the community make him an outstanding addition to the Heartland Board.” concluded Fuller.

About Heartland Financial

Heartland Financial USA, Inc. is a diversified financial services company with assets of approximately $15.6 billion as of September 30, 2020. Heartland provides banking, mortgage, private client, investment, treasury management, card, insurance and consumer finance services to individuals and businesses. As of September 30, 2020, Heartland had 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com. Safe Harbor Statement This release, and future oral and written statements of Heartland and its management, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Heartland’s financial condition, results of operations, plans, objectives, future performance and business. Although these forward-looking statements are based upon the beliefs, expectations and assumptions of Heartland’s management, there are a number of factors, many of which are beyond the ability of management to control or predict, that could cause actual results to differ materially from those in its forward-looking statements. These factors, which are detailed in the risk factors in Heartland’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the continuation of the COVID-19 pandemic and the measures intended to curtail the spread of COVID-19; (ii) the strength of the local and national economy; (iii) the economic impact of past and any future terrorist threats and attacks and any acts of war, (iv) changes in state and federal laws, regulations and governmental policies as they impact the company’s general business; (v) changes in interest rates and prepayment rates of the company’s assets; (vi) increased competition in the financial services sector and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) the potential impact of acquisitions and the company’s ability to successfully integrate acquired banks; (ix) the loss of key executives or employees; (x) changes in consumer spending; (xi) unexpected outcomes of existing or new litigation involving the company; and (xii) changes in accounting policies and practices. All statements in this release, including forward-looking statements, speak only as of the date they are made, and Heartland undertakes no obligation to update any statement in light of new information or future events. # # #

Contact

EVP, Chief Marketing Officer
Laura J. Hughes
[email protected]
(563) 589-2148