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SigmaTron International, Inc. Reports Second Quarter Financial Results for Fiscal 2021

ELK GROVE VILLAGE, Ill., Dec. 10, 2020 (GLOBE NEWSWIRE) — SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, today reported revenues and earnings for the quarter ended October 31, 2020.

Revenues decreased to $69.6 million for the second quarter of fiscal 2021 from $74.9 million for the same quarter in the prior year. Net income decreased to $626,858 in the second fiscal quarter compared to $661,183 for the same period in the prior year. Basic and diluted earnings per share were each $0.15 for the quarter ended October 31, 2020 compared to basic and diluted earnings per share of $0.16 and $0.15, respectively, for the same quarter in fiscal 2020.

For the six months ended October 31, 2020, revenues decreased to $130.1 million compared to $148.9 million for the same period ended October 31, 2019. Net loss for the six-month period ended October 31, 2020 was $273,808 compared to a net income of $1,022,208 for the same period in the prior year. Basic and diluted loss per share for the six months ended October 31, 2020, were each $0.06 compared to basic and diluted earnings per share of each $0.24 for the six months ended October 31, 2019.

Commenting on SigmaTron’s second quarter, fiscal 2021 results, Gary R. Fairhead, President, Chief Executive Officer and Chairman of the Board, said, “I am pleased to report that SigmaTron continued its recovery from the downturn experienced in April and May of this year, and we had a solid second quarter for this fiscal year; we posted a pre-tax profit of $1,069,801 on revenue of $69,618,293. While the revenue for the quarter was lower than the same period in the prior year, mix was favorable. Because of this strong second quarter, we are close to breakeven for the first six months of fiscal 2021, which is most encouraging, especially considering that our results included expenses of $661,000 directly related to COVID. Those expenses will continue in all likelihood for the balance of this fiscal year.

“At this time, the backlog continues to be strong for our third quarter.  Some of our customers have unexpectedly benefited from the pandemic and having people spend more time at home, which others continue to be depressed in terms of demand.  In addition, several of our customer’s customers apparently took their inventory lower than demand and they are now expediting orders for delivery as soon as possible.  How long this will last is hard to determine but it appears that the possibility of a vaccine in the near term has encouraged our customers to ramp up production again.  If, indeed, the economy continues to grow as it has recently, we believe we are well positioned for the second half of fiscal 2021 and we have recently landed several new opportunities that bode well for fiscal 2022.  However, as positive as things are now, we believe the situation remains fluid and volatile and could change for our customers quickly.  As you would expect, with the unexpected increase in demand come the challenges on the supply side regarding components and lead-times.  Some of that is handled by the inventory on-hand but the possibility exists of lengthening lead-times slowing down the ability to meet the un-forecasted demand.

“As previously reported, the Company received a PPP Loan in April 2020, and we recorded it as a liability on our balance sheet. We have not yet applied for forgiveness. Also, as previously reported, we continue to work towards a deal whereby the Company will acquire Wagz, Inc. We are hopeful that the transaction will be closed by the end of our third fiscal quarter.

“In summary, the second quarter was a good one and the Company continues to head in the right direction.  Many of our short-term challenges now are the ones tied to un-forecasted demand inside of lead-time, which are generally good problems to have.  Our customers seem to be more optimistic because of the vaccine, which is also encouraging.  Finally, we believe that the opportunities with Wagz continue to grow and the combination of the two companies will ultimately benefit all shareholders involved.”

About SigmaTron International, Inc.

Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products. SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Biên Hòa City, Vietnam. SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.

Forward-Looking Statements

Note: This press release contains forward-looking statements. Words such as “continue,” “anticipate,” “will,” “expect,” “believe,” “plan,” and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because these forward-looking statements involve risks and uncertainties, the Company’s plans, actions and actual results could differ materially. Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the Company’s business including, but not necessarily limited to, the Company’s continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from the Company’s customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of the Company’s operating results; the results of long-lived assets impairment testing; the ability to achieve the expected benefits of acquisitions; the collection of aged account receivables; the variability of the Company’s customers’ requirements; the availability and cost of necessary components and materials; the ability of the Company and its customers to keep current with technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company’s credit arrangements, including the phase-out of LIBOR; the ability to meet the Company’s financial covenant; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; the turmoil in the global economy and financial markets; the spread of COVID-19 (commonly known as “Coronavirus”) which has threatened the Company’s financial stability by causing a decrease in consumer revenues, caused a disruption to the Company’s global supply chain, caused plant closings or reduced operations thus reducing output at those facilities; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; currency exchange fluctuations; and the ability of the Company to manage its growth. These and other factors which may affect the Company’s future business and results of operations are identified throughout the Company’s Annual Report on Form 10-K, and as risk factors, may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission. These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless otherwise required by law.

Financial tables to follow…

               
               
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS              
               
               
  Three Months   Three Months   Six Months   Six Months
  Ended   Ended   Ended   Ended
  October 31,   October 31,   October 31,   October 31,
  2020   2019   2020
   2019
               
Net sales $
69,618,424 		  $74,855,312   $
130,143,380 		  $148,865,293
               
Cost of products sold 62,858,882   67,725,826   119,111,647   134,775,475
               
Gross profit 6,759,542   7,129,486   11,031,733   14,089,818
               
Selling and administrative expenses 5,421,739   5,700,288   10,481,264   11,527,614
               
Operating income 1,337,803   1,429,198   550,469   2,562,204
               
Other expense 268,002   451,909   602,168   976,775
               
Income (loss) before income tax 1,069,801   977,289   (51,699
) 		  1,585,429
               
Income tax expense 442,943   316,106   222,109   563,221
               
Net income (loss) $
626,858 		  $661,183   ($
273,808
) 		  $1,022,208
               
               
Net income (loss) per common share – basic $
0.15 		  $0.16   ($
0.06
) 		  $0.24
               
Net income (loss) per common share – assuming dilution $
0.15 		  $0.15   ($
0.06
) 		  $0.24
               
               
Weighted average number of common equivalent              
shares outstanding – assuming dilution 4,257,508   4,278,901   4,254,247   4,251,590
               
               
               
CONDENSED CONSOLIDATED BALANCE SHEETS              
               
  October 31,   April 30,        
  2020   2020        
               
Assets:              
               
Current assets $
121,312,642 		  $130,616,797        
               
Machinery and equipment-net 33,735,679   33,935,760        
               
Deferred income taxes 285,105   284,435        
Intangibles 2,173,525   2,350,949        
Other assets 8,933,500   8,891,090        
               
Total assets $
166,440,451 		  $176,079,031        
               
Liabilities and stockholders’ equity:              
               
Current liabilities $
63,043,430 		  $70,048,041        
               
Long-term obligations 44,779,801   47,155,191        
               
Stockholders’ equity 58,617,220   58,875,799        
               
Total liabilities and stockholders’ equity $
166,440,451 		  $176,079,031        

For Further Information Contact:
SigmaTron International, Inc.
Linda K. Frauendorfer
1-800-700-9095



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Verizon and Corning launch commercial indoor 5G; WeWork among first adopters

Things to know:

  • First deployment of indoor 5G cell sites brings this solution from proof
    of concept to commercially available and scalable.
  • Indoor 5G cell sites are a vital step in extending the footprint of Verizon’s 5G
    Ultra Wideband
    network, will enable private 5G networks for enterprise customers
  • WeWork
    signed contract for indoor cell site deployment in ten locations across the US transforming what’s possible in a flexible work environment

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — After successful trials in September, Verizon Business and Corning have begun commercial installations of in-building cell sites for enterprise customers, advancing this solution from proof of concept to commercially available and scalable in just a few months. Initial deployments are happening in Verizon retail store locations to provide the fastest 5G Ultra Wideband experience for customers and employees and are also set to be installed at WeWork locations across the US.

“We believe our customers deserve the most advanced 5G technology to provide a genuinely differentiated and superior service,” said Tami Erwin, CEO of Verizon Business. “We have quickly moved from proof of concept to commercial availability and now scalability for our enterprise customers. The unprecedented performance of 5G Ultra Wideband is not just an investment for growth, it is a critical step in our customers’ digital transformation.”

WeWork, a global leader in flexible space solutions, is one of the first companies in the world to have signed a contract with Verizon Business to provide Corning’s indoor 5G cells, with ten WeWork locations across the US set to receive installations. Understanding the ever-increasing technology demands of businesses and employees due to Covid-19 and the acceleration of their digital transformations, this collaboration will help meet these needs by creating an agile hybrid model, while offering the ability to harness the power of Verizon 5G.

As technology continues to shape the future of work, 5G networks are set to play a fundamental role in improving the user experience, facilitating next generation connectivity and allowing users to access unprecedented network speeds.

“As the last several months have shown, the demand for flexible space solutions, accompanied with the ability to connect to reliable, fast networks, has never been more valuable. That is why WeWork, a leader in flexible space, is partnering with companies like Verizon, to elevate the quality of business solutions available to members in our spaces so that they are able to run and grow their business,” said Hamid Hashemi, Chief Product and Experience Officer at WeWork.

What indoor cell sites will
enable an
d why it
matters

Corning’s indoor cell site is designed to provide Verizon’s 5G mmWave service inside facilities such as hospitals, manufacturing facilities, warehouses, schools, ports, commercial office space, retail stores and any indoor environment where large amounts of data traffic must be managed and optimized. The launch of these indoor cell sites will not only extend the footprint of Verizon’s 5G Ultra Wideband network, but will also bring the promise of private networks with Mobile Edge Compute (MEC) capabilities one step closer.

“In order to move the cloud into an organization’s facility, they must first have access to the fastest 5G in the marketplace,” said Erwin. “By combining access to our 5G Ultra Wideband indoors, with a private MEC platform to bring the power of the cloud into a business’ facility, and a private core that helps to run the operations of the Network, an enterprise will be able to have a secure, ultra-reliable, high-speed, low-latency private 5G solution.”

Having all three components (5G Ultra Wideband indoors, private MEC, private network core) of the Private 5G network in a single facility will increase speed and efficiency by eliminating the need for data to cross through multiple routers and across large geographies. It will also eliminate the need to share core resources with the macro network and offer the flexibility to develop specific capabilities customized to the private network owner.

A private 5G network will accelerate enterprise automation and digitization efforts, enhance how customers interact in a retail environment, support sensors and alerts in all aspects of an operation, and provide real-time, on-site video analysis. With Verizon’s mmWave bandwidth and reliability, it will offer the scalability to manage massive numbers of devices along with advanced capabilities such as Edge AI, computer vision and other emerging technologies.

Corning’s indoor 5G solution, part of Corning’s portfolio of indoor cellular solutions for the enterprise, features a fully integrated baseband unit, radios and antennas in a sleek package. It delivers future-ready 5G performance by utilizing Corning’s innovative composite fiber, with fiber for data transmission and copper for powering in a single cable.

“Corning is pleased to see our 5G mmWave indoor cell sites play a critical role in Verizon’s 5G Ultra Wideband network — bringing high-speed, low-latency network capabilities to Verizon’s enterprise customers,” said Michael O’Day, vice president, Corning Optical Communications. “Enterprises need a cost-effective way to unlock the opportunities of indoor 5G, and Corning’s easy-to-install solution is designed to meet that need. We’re delighted Verizon will bring these capabilities to their customers, in the latest example of our long-standing collaboration.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contacts:

Karen Schulz
864.987.2006
[email protected]



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Con Edison Test Driving E-School Buses Toward Improved Reliability And Cleaner Air

Energy Company Using Power from White Plains Bus Batteries to Feed Its Grid

PR Newswire

NEW YORK, Dec. 10, 2020 /PRNewswire/ — Con Edison has begun using the batteries on five electric school buses to provide power to its customers, marking the first time in New York State that electricity has flowed from buses into a utility’s grid.

By day, the e-buses from Lion Electric, a North American leader in heavy-duty zero emission transportation, carry students to an elementary school in White Plains. They displace runs by buses that burn diesel, meaning better air quality in the Westchester County community. https://players.brightcove.net/954168402001/default_default/index.html?videoId=6214267775001

Con Edison and its partners have begun sending power from the batteries into its grid, a milestone in a demonstration project Con Edison began in 2018. The five buses can each discharge 10 kilowatts. For the five buses, that’s 50 kilowatts or 50,000 watts.

That is a small amount of power for a utility grid with the capacity to reliably serve millions of homes and businesses in Westchester County and New York City. But the goal of the project is to explore the technological and economic potential of using e-school buses on a wider scale to improve air quality and grid reliability.

There are approximately 1,000 school buses operating in Westchester and 8,000 in New York City that could make a significant difference if converted to electric.

“We think electric school buses may provide an opportunity to achieve two of our company’s goals, which are reducing carbon emissions and maintaining our industry-leading reliability,” said Brian Ross, Con Edison’s manager for the project. “We are innovating to help our state and region achieve a clean energy future in which electric vehicles will have a big role.”

The White Plains school district put the buses on the road for the 2018-2019 school year and has found them to be reliable transportation. The company and its partners have since developed solutions to technical challenges, such as coordinating communication between the buses, the chargers and the batteries.

The charging and discharging takes place at a depot in North White Plains. The buses plug into a charger when the demand for power is low. The chargers reverse the flow of power into the grid at times when the buses are not transporting children.

The buses are manufactured by Lion Electric in North America with vehicle-to-grid (V2G) technology, and operated for the school district by National Express.

“Our operators are dedicated to enabling the success of school bus electrification and V2G for the White Plains School District, with safety and reliability remaining our top priorities,” said Charlie Bruce, senior vice president of Business Development for National Express.

“Our V2G software platform is designed to deliver grid services such as those to Con Edison from electric school buses,” said Gregory Poilasne, chairman and CEO of Nuvve Corp. “The electric buses provide a cleaner environment for communities and help lower CO2 emissions while ensuring that driving energy needs are met every day.”

Nuvve is a San Diego-based, green energy technology company and a leader in vehicle-to-grid and a partner in the White Plains project.

Con Edison contracted with First Priority Group to help develop and manage the project.

“Our goal was to bring industry experts together in a collaborative fashion to design and install one of the first true bi-directional V2G solutions in the U.S.,” said Alex Cherepakhov, FPG’s chairman and CEO. “Vehicle-to-Grid integration is the next step in the evolution of EV fleet power technology and we are pleased to have collaborated with our partners in making this happen.”

National Express pays the energy costs during the school year. Con Edison, the New York State Energy Research and Development Authority and National Express contributed to paying for the buses. Con Edison and National Express paid for the chargers.

The upfront cost of electric school buses is higher than diesel buses. But using electric school buses for vehicle-to-grid purposes could make them more attractive to school districts, the communities they serve, and the bus operators that provide the service.

School schedules match up well with the power needs of Con Edison’s 3.5 million customers. School buses are generally idle during the summer, which is when utility customers’ need for power rises due to air conditioning. Discharging power from the buses into the grid at these times of high demand would take stress off Con Edison electric-distribution equipment.

Among the questions the project will answer is whether the frequent charging and discharging will speed the degradation of the batteries.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $60 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York.

Cision View original content:http://www.prnewswire.com/news-releases/con-edison-test-driving-e-school-buses-toward-improved-reliability-and-cleaner-air-301190805.html

SOURCE Consolidated Edison Company of New York

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IIROC Trading Halt – SHG

Canada NewsWire

VANCOUVER, BC, Dec. 10, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: Skylight Health Group Inc.

CSE Symbol: SHG

All Issues: Yes

Reason: At the request of the Company Pending News

Halt Time (ET): 3:03 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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C-ERA Property Management & Realty and Montgomery Ross & Associates Hires Melissa Elick as Business Development Manager

Calgary, AB, Dec. 10, 2020 (GLOBE NEWSWIRE) — Associa C-Era Property Management & Realty and Montgomery Ross & Associates recently announced Melissa Elick as the new business development manager. 

Ms. Elick is an accomplished sales representative who has worked with emerging business development teams and is experienced in creating marketing and sales strategies. She began her property management career as an outside sales representative at a firm that specialized in full-building retrofits of multi-residential and commercial properties, allowing her to work closely with association boards. A seasoned relationship-builder and communicator, her skills in negotiations, e-commerce, strategic account development, and customer service will help her in her role as the branch’s new business development manager.  

“Melissa has outstanding interpersonal skills and a talent for business development that makes her the perfect candidate to help our teams provide the best possible customer service as we develop new accounts and expand and manage our current clients,” stated Jeffrey Wilson, ARM®, C-ERA Property Management and Montgomery Ross president. “Her customer service experience and confidence in building strong relationships with clients will be an asset to our branch. We are excited to have her on board as we expand our community outreach and our client retention efforts.” 

With more than 200 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision. To learn more, visit www.associaonline.com.

Stay Connected: 

Like us on Facebook: https://www.facebook.com/associa

Subscribe to the Blog: https://hub.associaonline.com/

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Join us on LinkedIn: http://www.linkedin.com/company/associa

Attachment 



Ashley Cantwell
Associa 
214-272-4107
[email protected]

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W. M. Keck Observatory and Duke Energy’s REC Solar announce completion of major sustainability project in Hawaii

– 133-kW rooftop solar site is world’s largest commercial solar system installed at highest altitude

PR Newswire

CHARLOTTE, N.C. and MAUNA KEA, Hawaii, Dec. 10, 2020 /PRNewswire/ — Duke Energy’s REC Solar and W. M. Keck Observatory have completed the world’s largest commercial solar system installed at the record-breaking altitude of 13,600 feet.

The rooftop solar project – located near the summit of Mauna Kea, a dormant volcano on the Big Island of Hawaii – will reduce Keck Observatory’s carbon footprint and lower its cost of energy.

The solar photovoltaic (PV) system is located on the rooftop of Keck Observatory’s telescope facility, between the domes of the twin Keck I and Keck II – among the world’s largest optical and infrared telescopes. The system will annually produce 259.1 MWh of energy, which will reduce the observatory’s electric power needs by about 10-15% and eliminate 183 metric tons of carbon emissions.

“Incorporating renewable energy generators such as solar PV is important to Keck’s core values of stewardship and service. It will reduce our reliance on electricity derived mainly from fossil fuels, which underscores our efforts to be good stewards of the planet,” says project lead Mark Devenot, infrastructure specialist at Keck Observatory.

Hawaiian Electric approved operation of the PV system on Sept. 30, 2020. The system consists of a 133-kW photovoltaic array and 332 solar panels that are strategically placed on the unique 20,940-square-foot ballasted roof to avoid snow and ice fall from the domes, as well as high winds that occasionally occur a few times a year.

“One of the biggest challenges was attaching the PV array to this type of roof, which has no structural framework to anchor the system,” says Devenot.

To address this issue, the solar system was custom engineered for the unique ballasted roof design and to support high winds. The team also had to deal with working at high altitude, which averaged 40% less oxygen than at sea level.

“Incorporating rooftop solar at Keck Observatory has been a special experience for the REC Solar team due to the project’s focus on science, safety and innovation,” says Dan Alcombright, managing director, growth implementation at Duke Energy. “Our team remained respectful of land and wind limitations throughout construction and leveraged our local experience and detailed weather data to engineer solar with specialized mechanical attachments that can handle the wind gusts and climate of a Pacific island at high altitude. We’re pleased to be able to provide Keck with a viable energy solution that positively impacts both their organization and the environment.”

At high altitude, the panels will catch more photons and produce more energy than at sea-level locations. This is because sunlight atop Mauna Kea doesn’t have to travel through as much of the Earth’s atmosphere where the photons could be absorbed by something else. Having 40% less atmosphere, which is one of the reasons that makes Mauna Kea one of the best places on Earth to conduct astronomy, also makes for efficient solar energy generation.

REC Solar has developed more than 100 commercial and utility-scale solar projects across the Hawaiian Islands, including Keck Observatory’s Waimea headquarters in 2013. This new rooftop solar installation at Keck Observatory’s telescope facility on Mauna Kea provides a unique research opportunity for the team to gather data on how solar panels operate in a thinner atmosphere with a high UV index and under higher than average winds. The team will continue to monitor and analyze these conditions for future solar installations at high altitudes.

W. M. Keck Observatory

The W. M. Keck Observatory telescopes are among the most scientifically productive on Earth. The two 10-meter optical/infrared telescopes on the summit of Mauna Kea on the Island of Hawaii feature a suite of advanced instruments including imagers, multi-object spectrographs, high-resolution spectrographs, integral-field spectrometers, and world-leading laser guide star adaptive optics systems. Keck Observatory is a private 501(c) 3 non-profit organization operated as a scientific partnership among the California Institute of Technology, the University of California, and the National Aeronautics and Space Administration. The Observatory was made possible by the generous financial support of the W. M. Keck Foundation. The authors wish to recognize and acknowledge the very significant cultural role and reverence that the summit of Mauna Kea has always had within the Native Hawaiian community. We are most fortunate to have the opportunity to conduct observations from this mountain. For more information, visit: www.keckobservatory.org.

Duke Energy Renewables / REC Solar

REC Solar is a business unit of Duke Energy Renewables, a nonregulated affiliate of Duke Energy (DUK) that operates 3,000 MW of wind and solar generation facilities across the U.S. Based in San Luis Obispo, Calif., with offices in Petaluma, Calif., and Honolulu, Hawaii, REC Solar has installed over 800 solar, energy storage, microgrid, and EV fleet charging sites for commercial, public sector and utility-scale customers. The company provides design, engineering, financing, operations and maintenance services, allowing for a simplified customer experience. Visit Duke Energy Renewables or REC Solar for more information.

Media contact: Jennifer Garber
Media line: 800.559.3853

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/w-m-keck-observatory-and-duke-energys-rec-solar-announce-completion-of-major-sustainability-project-in-hawaii-301190800.html

SOURCE Duke Energy

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Cushman & Wakefield Providing Brokerage Services for Anticipated $1B, 19-MSF Business Park in Utah

Cushman & Wakefield Providing Brokerage Services for Anticipated $1B, 19-MSF Business Park in Utah

SALT LAKE CITY–(BUSINESS WIRE)–
The joint partnership of NorthPoint Development, a Kansas City based developer, and The Romney Group have begun construction on what will be a brand new more than 19-million-square-foot (msf) state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, Utah. The partnership has selected Cushman & Wakefield (NYSE: CWK) to perform brokerage services.

Named the Lakeview Business Park, the new monumental Class A project is situated on more than 1,300 acres. The partnership will invest over $1 billion in developing the park. Construction commenced in November 2020 on the first speculative building totaling 506,930 square feet (sf) in size, and expandable to 1 msf. The remainder of the project is being developed in phases at future dates yet to be determined.

“We are thrilled to be officially commencing construction on this large-scale, rail-served, Class A business park along with the special partnership we have established with The Romney Group,” said Chad Meyer, President, NorthPoint Development. “Lakeview Business Park offers a great location for tremendous success with the ability to serve any industrial client in terms of size and labor for many years to come.”

Josh Romney, President, The Romney Group, said, “Our goal is to create a long-term, jobs rich business park that will be environmentally friendly and generate tax revenue to enhance the lives of the local community, improve public services and provide much needed tax dollars for education. We selected NorthPoint as a partner because of our shared core values and long-term commitment to the communities in which we do business.”

The new Lakeview Business Park is close to The Great Salt Lake and is within 30 minutes of both the renovated Salt Lake City International Airport and the Union Pacific Intermodal Hub. As part of the vision for the development, a +/- 400-acre portion of the property will be rail-served.

Cushman & Wakefield’s Tom Freeman, SIOR, Executive Director, who is leading brokerage efforts for the project, said, “This project has all of the best ingredients to be a special opportunity for companies seeking a strategic and advantageous location in the greater Intermountain West, while also providing a successful economic driver.”

As the leading national industrial developer, NorthPoint has constructed more industrial square footage than any other developer nationwide in the last five years, based on a recent study done by Real Capital Analytics. NorthPoint’s business portfolio includes 250+ industrial clients who are located in 76.5 msf of developed space across the U.S. Nearly 59,000 jobs and counting have been created in the development and leasing of this portfolio to date.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Joshua Deale

Cushman & Wakefield

Communications Manager, West Region

Office: +1 415 677 0423

[email protected]

KEYWORDS: Utah Illinois United States North America

INDUSTRY KEYWORDS: Other Construction & Property Commercial Building & Real Estate Construction & Property REIT

MEDIA:

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Nokia’s Digital Operations Center software wins Fierce Innovation Award

Press Release

Nokia’s Digital Operations Center software wins Fierce Innovation Award

       ·Nokia’s solution recognized in BSS/OSS category over other competitor offerings in the market

10 December 2020

Espoo, Finland – Nokia today announced that its Digital Operations Center software solution was selected as a winner in the 2020 Fierce Innovation Awards in the business support systems/operations support systems category, furthering Nokia’s market leadership credentials in automated 5G solutions.

Nokia’s Digital Operations Center software opens new revenue opportunities for communications service providers (CSPs) by establishing innovation ecosystems that offer Network as a Service (NaaS) capabilities to new vertical industries focused on 5G growth and expansion.

The modular, cloud-native software is built on Nokia’s Common Software Foundation to enable deployment across any-cloud environments. The Digital Operations Center also provides a round-trip, closed-loop and fully automated process to design, deploy and operate digital and slice-based services at scale. The solution supports multi-vendor technology environments, and ensures that CSPs can adhere to service level agreements as they expand into vertical industries.

As a winner of the 2020 Fierce Innovation Awards, the Digital Operations Center was evaluated based on ease of use, ROI, effectiveness, technical innovation, competitive advantage, and financial impact. Since launching in June 2020, Nokia’s Digital Operations Center solution has been selected to support numerous projects globally by CSPs and other industry partners that are building NaaS platforms that span their existing network infrastructures, in conjunction with their build-out of 5G networks.

Brian McCann, Chief Product Officer, Nokia Software, said: “We are proud to have been recognized by the Fierce Innovation Awards for our OSS solution. As 5G networks become more prevalent, we provide CSPs with solutions that will result in new value creation from their 5G network infrastructure investment. The Digital Operations Center software provides a platform to automate the complete network slicing lifecycle at scale to drive faster time to market and the most efficient operations.”

Digital Operations Center Resources:


Brochure


Expert interview


Press Release


Video


Webinar


Webpage

About Nokia

We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.

Media Inquiries:

Nokia
Communications
Phone: +358 10 448 4900
Email: [email protected]



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Brandon Hall Group Announces Winners of 2020 Excellence in Technology Awards

200 organizations are honored with the highly sought-after Brandon Hall Group HCM Excellence in Technology Award for developing and implementing technology that measurably benefits human capital management.

Boca Raton, FL, Dec. 10, 2020 (GLOBE NEWSWIRE) — Brandon Hall Group, the leading independent Human Capital Management research and analyst firm, is honored to announce the winners of The 2020 Excellence in Technology Awards.

“Technology is the great enabler of human capital management initiatives. It has never been more important than during this rapid evolution of remote work that challenged everyone to instantly adapt,” said Brandon Hall Group Chief Operating Officer and awards program head Rachel Cooke. “Winners of Excellence in Technology Awards are critical drivers of their organizations’ success, especially in these disruptive times. Their solutions resulted in substantial benefit to their business and the human capital management function. That is the ultimate differentiator: the positive business impact of technology.”

Organizations winning five or more awards include Accenture, Brainier, Cornerstone, GM, HealthStream, Inkling, MetLife, Mursion, NIIT, Ping An, Raytheon Professional Services, Tata Consultancy Services and Verizon Communications.

“The Excellence Award in Technology also emphasizes the value of collaboration between HCM leaders, business leaders and technology developers. To win, everyone must work together to meet the needs of all stakeholders, especially the end-users. Technology Award winners met this challenge and created value for everyone,” said Brandon Hall Group Chief Executive Officer Mike Cooke.

A panel of veteran, independent senior industry experts and Brandon Hall Group senior analysts and executives evaluated entries based upon the following criteria:

  • Product: What was the product’s breakthrough innovation?
  • Unique differentiators: What makes the product unique and how does it differ from any competing products?
  • Value proposition: What problem does the product solve and/or what need does this product address?
  • Measurable results: What are the benefits customers can expect to experience as a result of using this product?

The full list of winners is available at https://www.brandonhall.com/excellenceawards/past-winners.php

 

– About Brandon Hall Group

Brandon Hall Group is the only professional development company that offers data, research, insights and certification to Learning and Talent executives and organizations. The best minds in human capital management (HCM) choose Brandon Hall Group to help them create future proof employee development plans for the new era.

For the last 27 years, we empowered, recognized and certified excellence in organizations around the world, influencing the development of over 10,000,000 employees and executives. Our HCM Excellence Awards was the first to recognize organizations for learning and talent and is the gold standard, known as the ‘Academy Awards of Human Capital Management’.

Our cloud-based platform delivers evidence-based insights in the areas of Learning and Development, Talent Management, Leadership Development, Diversity and Inclusion, Talent Acquisition and HR/Workforce Management for corporate organizations and HCM solution providers.

To learn more, visit http://www.brandonhall.com

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David Forry
Brandon Hall Group
5613538082
[email protected]

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BioSig CEO Kenneth L. Londoner to Present at the 13th Annual LD Micro Main Event Conference

Westport, CT, Dec. 10, 2020 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company developing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, today announced that Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc. will be presenting live to a virtual audience at the 13th Annual LD Micro Main Event Conference on Monday, December 14, 2020 at 10:20 AM ET.

During the presentation, Mr. Londoner will provide an overview of the Company and business highlights. To date, more than 400 patient procedures have been conducted with the PURE EP™ System by more than 25 electrophysiologists across six different clinical sites in the United States.

To register for the conference, please click here:   

About BioSig Technologies

BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, PURE EP ™ System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.

Forward-looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (ii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iii) difficulties in obtaining financing on commercially reasonable terms; (iv) changes in the size and nature of our competition; (v) loss of one or more key executives or scientists; and (vi) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.



Andrew Ballou
BioSig Technologies, Inc. 
Vice President, Investor Relations 
54 Wilton Road, 2nd floor
Westport, CT 06880
[email protected]
203-409-5444, x133