Posts

Posted on

Product News: Onto Innovation Announces First Customer Qualification of New Aspect® IRCD System

Product News: Onto Innovation Announces First Customer Qualification of New Aspect® IRCD System

WILMINGTON, Mass.–(BUSINESS WIRE)–
Onto Innovation Inc. (NYSE: ONTO) today announced the first customer acceptance and purchase of its new product, the Aspect® System, at one of the top three memory manufacturers of leading-edge 3D-NAND devices. After successful factory demonstrations, additional Aspect systems are shipping this quarter and in the first quarter of 2021 for evaluations at leading 3D-NAND manufacturers. All of these customers are expected to utilize the high-speed capabilities of the Aspect System to accurately measure extremely deep, high aspect ratio channel holes used to connect over 128 layers and support development and production of customers’ next generation 174 – 192 layer stacked-pair devices. The Company expects additional applications to emerge as this revolutionary infrared critical dimension (IRCD) technology is moved into production environments.

“In 3D-NAND devices the high aspect ratio etch steps are the most critical process steps for performance and yield,” said Kevin Heidrich, senior vice president of product marketing at Onto Innovation. “The highest capital intensity in advanced 3D-NAND is for these critical etchers, with hundreds of etch chambers in a line. Leveraging ultra-bright source technology and a proprietary optical design, the Aspect System will ensure precise control of these critical steps across the fleet of etch tools at high volume production throughput.”

Heidrich continued, “Compared to traditional optical critical dimension (OCD) technology, the IRCD system exploits the unique optical properties of common semiconductor fab materials in the mid-infrared range to enable high fidelity measurements of these high aspect ratio features. We are engaged with customers to improve productivity and yield of 128 pair devices and accelerate the development of next generation 192 pair devices ramping next year.”

The Aspect System is the industry’s first in-line solution for metrology of high aspect ratio features at high-volume manufacturing speeds. When combined with Onto Innovation’s AI-Diffract™ Software, the Aspect System provides high fidelity profile measurements enabling critical process control with speeds approximately 10 times faster than X-ray diffraction systems typically used in R&D lab applications. The Aspect System provides unique sensitivity across 3D-NAND manufacturing processes for control of key etch, deposition, and cleaning steps that are critical to next generation 3D-NAND devices.

Typical 3D-NAND wafers contain hundreds of millions of channel holes that are approximately 100nm in diameter and up to 8,000nm deep (80:1 aspect ratio). The Aspect System can measure an array of holes in a single measurement, which allows a greater sampling size across the entire wafer at production throughputs, making the Aspect System a highly beneficial inline metrology solution. The Aspect System works as part of Onto Innovation’s ecosystem of total process control solutions, leveraging the capability of the new AI-Diffract analysis suite.

About Onto Innovation Inc.

Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: Un-patterned wafer quality; 3D metrology spanning chip features from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. Our breadth of offerings across the entire semiconductor value chain helps our customers solve their most difficult yield, device performance, quality, and reliability issues. Onto Innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports customers with a worldwide sales and service organization. Additional information can be found at www.ontoinnovation.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) which include: Onto Innovation’s business momentum and future growth; the benefit to customers of Onto Innovation’s products; Onto Innovation’s ability to both deliver products and services consistent with our customers’ demands and expectations and strengthen its market position; as well as other matters that are not purely historical data. Onto Innovation wishes to take advantage of the “safe harbor” provided for by the Act and cautions that actual results may differ materially from those projected as a result of various factors, including risks and uncertainties, many of which are beyond Onto Innovation’s control. Such factors include, but are not limited to, the length, severity and potential business impact of the COVID-19 pandemic, the Company’s ability to leverage its resources to improve its position in its core markets; its ability to weather difficult economic environments; its ability to open new market opportunities and target high-margin markets; the strength/weakness of the back-end and/or front-end semiconductor market segments; fluctuations in customer capital spending and any potential impact as a result of the novel coronavirus situation. Additional information and considerations regarding the risks faced by Onto Innovation are available in Onto Innovation’s Form 10-K report for the year ended December 31, 2019 and other lings with the Securities and Exchange Commission. As the forward-looking statements are based on Onto Innovation’s current expectations, the Company cannot guarantee any related future results, levels of activity, performance or achievements. Onto Innovation does not assume any obligation to update the forward-looking information contained in this press release.

Source: Onto Innovation Inc.

Michael Sheaffer, +1 978.253.6273

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Semiconductor Health Technology Manufacturing Radiology Other Manufacturing Hardware

MEDIA:

Logo
Logo
Posted on

IQVIA and Servier Collaborate to Reinvent Clinical Development

IQVIA and Servier Collaborate to Reinvent Clinical Development

DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–
IQVIA™ (NYSE:IQV), a leading global provider of advanced analytics, technology solutions and clinical research services to the life sciences industry, today announced a collaboration with Servier, an independent global pharmaceutical company, to reinvent their R&D clinical development processes and support their long-term R&D success.

Servier has ambitious plans for growth and is committed to therapeutic progress to serve patient needs. To achieve this, Servier is embarking on a major R&D transformation program called “Servier Clinical Operations REinvent (SCORE)” that will optimize clinical trial applications, business processes, organization and governance. IQVIA will support Servier on process and organization streams and on change and program management.

“The SCORE program is an R&D initiative that drives digital and business transformation, accelerates clinical development, enhances drug candidate value and better addresses unmet medical needs while improving patient outcomes. SCORE also increases collaboration, insights and patient centricity by its lean end-to-end processes, streamlined organization, use of data-driven insights, standardization and efficient technology,” said Patricia Belissa-Mathiot, director of Clinical Development and R&D CMO at Servier.

Over almost two years, IQVIA will deliver to Servier a robust program led by a strong team spanning R&D consulting, Digital Transformation, Technology and R&D solutions. This global initiative utilizes IQVIA’s differentiated approach bringing together expertise across a portfolio of capabilities and provides an innovative solution created through close collaboration with Servier to address their unique requirements.

“We are delighted to have been selected by Servier to deliver on their R&D agenda. IQVIA’s unique combination of capabilities and innovative approach will support Servier’s ambitions through the SCORE project,” said Alistair Grenfell, president, Europe, Middle East, Africa and South Asia, IQVIA.

Powered by the IQVIA CORE™, IQVIA leverages its healthcare expertise, data, analytics and technology to help clients integrate human science expertise with advances in data science and technology to make better decisions that will advance human health.

About IQVIA

IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions and clinical research services to the life sciences industry. Formed through the merger of IMS Health and Quintiles, IQVIA applies human data science — leveraging the analytic rigor and clarity of data science to the ever-expanding scope of human science — to enable companies to reimagine and develop new approaches to clinical development and commercialization, speed innovation and accelerate improvements in healthcare outcomes. Powered by the IQVIA CORE™, IQVIA delivers unique and actionable insights at the intersection of large-scale analytics, transformative technology and extensive domain expertise, as well as execution capabilities. With approximately 68,000 employees, IQVIA conducts operations in more than 100 countries.

IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIA’s insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures. To learn more, visit www.iqvia.com.

Tor Constantino, IQVIA Media Relations ([email protected])

+1.484.567.6732

Andrew Markwick, IQVIA Investor Relations ([email protected])

+1.973.257.7144

KEYWORDS: North Carolina Connecticut United States North America

INDUSTRY KEYWORDS: Technology Research Clinical Trials Software Biotechnology Health Pharmaceutical Data Management Science

MEDIA:

Posted on

New Moody’s Analytics Early Warning System Helps Identify Credit Risks Faster

New Moody’s Analytics Early Warning System Helps Identify Credit Risks Faster

NEW YORK–(BUSINESS WIRE)–
Moody’s Analytics today announced its new Early Warning System, which is a single platform that identifies multiple early signals of credit risk to help credit professionals make actionable decisions and more effectively monitor their portfolios.

Accessible from the Moody’s Analytics CreditEdgeTM and RiskCalcTM solutions, the Early Warning System allows users to quickly identify at-risk companies in their portfolio so that they can take timely action.

The continuing economic uncertainty makes it harder to pinpoint risks. Credit professionals need to tap many, sometimes contradictory signals such as financial ratios, credit ratings, stock prices, probability of default, downgrade risk, macroeconomic data, and news. The new Early Warning Score, a component of the Early Warning System, synthesizes different credit risk indicators (including data from the Moody’s Analytics Credit Sentiment ScoreTM solution, an AI-powered interpreter of news sentiment) to provide an overall assessment of credit deterioration. The Early Warning Score, combined with pre-populated financials and automated workflows, helps portfolio managers take action before value is lost.

“In this difficult environment there is an even greater premium on making better, faster business decisions,” said Nihil Patel, Managing Director at Moody’s Analytics. “By integrating multiple credit risk signals into one platform, the Early Warning System helps our customers more quickly identify emerging credit risks in their portfolio.”

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.

Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,400 people worldwide and maintains a presence in more than 40 countries.

TRACY A. FINE

Moody’s Analytics Communications

+1.415.874.6013

Moody’s Analytics Media Relations

moodysanalytics.com

twitter.com/moodysanalytics

linkedin.com/company/moodysanalytics

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo
Logo
Posted on

Federal government consulting on temporary solvency funding relief

Federal government consulting on temporary solvency funding relief

An in-depth look at this and other subjects are covered in the current issue of the Morneau Shepell News & Views

TORONTO–(BUSINESS WIRE)–
Morneau Shepell released the December 2020 issue of its monthly newsletter, News & Views, in which the company looks at the following topics:

  • Federal government consulting on solvency funding relief and other measures– The Department of Finance has released a consultation paper on proposed measures for federally regulated pension plans. The paper proposes a number of changes, including temporary solvency funding relief, new governance requirements, the introduction of solvency reserve accounts, and deemed consent to electronic communications.
  • Court clarifies valuation of federal pensions for marital breakdowns– A decision of the Ontario Court of Appeal provides some guidance as to how federally regulated pensions may be valued in marital breakdown settlements in Ontario. In addition to offering its ruling, the court made some general observations on the proper method for valuing non-Ontario pensions under Ontario family law. The court advises that parties may refer the issue to the courts if they cannot agree on a valuation method, and Ontario rules on pension division should be followed unless there are compelling reasons not to do so.
  • Tracking the funded status of pension plans as at November 30, 2020– Morneau Shepell describes the funded status of pension plans since December 31, 2019 based on three typical investment portfolios. A graph shows the changes in the financial position of a typical defined benefit plan since the end of 2019. A table shows the impact of past returns on plan assets and the effect of interest rate changes on solvency liabilities of a medium duration pension plan.
  • The impact of pension expense under international accounting as at November 30, 2020– Morneau Shepell has shown the evolution of the pension expense for a typical defined benefit pension plan. Since the beginning of the year, the pension expense has increased by nine per cent (for a contributory plan) mainly due to the decrease in the discount rates.

About Morneau Shepell

Morneau Shepell is a leading provider of technology-enabled HR services that deliver an integrated approach to employee wellbeing through our cloud-based platform. Our focus is providing world-class solutions to our clients to support the mental, physical, social and financial wellbeing of their people. By improving lives, we improve business. Our approach spans services in employee and family assistance, health and wellness, recognition, pension and benefits administration, retirement consulting, actuarial and investment services. Morneau Shepell employs approximately 6,000 employees who work with some 24,000 client organizations that use our services in 162 countries. Morneau Shepell is a publicly traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.

ID-CORP, ID-RS

Heather MacDonald

Morneau Shepell

[email protected]

855-622-3327

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Public Policy/Government Other Professional Services Software Human Resources Other Government Professional Services Technology Other Technology

MEDIA:

Logo
Logo
Posted on

Five Star Senior Living Residents to Receive COVID-19 Vaccinations

Five Star Senior Living Residents to Receive COVID-19 Vaccinations

Residents and Team Members Prioritized in First Phase of COVID-19 Vaccine Distribution

NEWTON, Mass.–(BUSINESS WIRE)–Five Star Senior Living Inc. (Nasdaq: FVE) today announced its plan to begin administering the COVID-19 vaccine to Five Star residents and team members this month.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005331/en/

Five Star Senior Living Chief Medical Officer Dr. Priti Jindal (Photo: Business Wire)

Five Star Senior Living Chief Medical Officer Dr. Priti Jindal (Photo: Business Wire)

As the Pfizer COVID-19 vaccine has received Emergency Use Authorization (EUA) by the Food and Drug Administration (FDA), Five Star intends to take advantage of the federal plan prioritizing long-term care residents and workers. Five Star will prioritize the vaccination of residents and staff in its skilled nursing, memory care and assisted living units at no cost to them. Independent living residents at Five Star communities will subsequently be prioritized according to state guidelines.

All Five Star Senior Living communities will schedule three vaccine clinics. The first two clinics will be to administer the first and second doses of the vaccine, and the third will serve as a placeholder for any resident or team member who needs to complete the vaccine series. The vaccines will be administered with the assistance of Five Star’s distribution partner, Omnicare, a CVS Health subsidiary.

“The Five Star COVID-19 task force has closely monitored the vaccine development process for the last several months,” said Five Star Chief Medical Officer Dr. Priti Jindal. “We have a well-defined distribution plan to safeguard the health and well-being of Five Star residents and staff, and we are making every effort to rapidly administer the COVID-19 vaccine as soon as doses are available for our communities.”

Five Star President and Chief Executive Officer Katie Potter said, “As a trusted partner, Five Star is committed to going above and beyond to keep our residents, clients, team members and their families happy and safe. Although we are confident that the COVID-19 vaccine will transform the healthcare landscape, we will maintain our rigorous protocols until advised otherwise by the CDC and state and local authorities. This includes the appropriate use of personal protective equipment, ongoing community testing, social distancing and enhanced cleaning.”

Additional information about Five Star’s response to the COVID-19 pandemic and its COVID-19 vaccine plan can be found at https://www.fivestarseniorliving.com/covid19response.

About Five Star Senior Living

FVE is a senior living and rehabilitation and wellness services company. As of Sept. 30, 2020, FVE operated 263 senior living communities (30,544 living units) located in 31 states, including 239 communities (28,232 living units) that it managed and 24 communities (2,312 living units) that it owned or leased. FVE operates communities that include independent living, assisted living, continuing care retirement and skilled nursing communities. Additionally, FVE’s rehabilitation and wellness services segment includes Ageility Physical Therapy SolutionsTM, or Ageility, a division of FVE, which provides rehabilitation and wellness services within FVE communities as well as to external customers. As of Sept. 30, 2020, Ageility operated 209 outpatient rehabilitation clinics and 40 inpatient rehabilitation clinics. FVE is headquartered in Newton, Massachusetts.

Olivia Snyder, Manager, Investor Relations

(617) 796-8245

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Infectious Diseases Hospitals General Health Health

MEDIA:

Logo
Logo
Photo
Photo
Five Star Senior Living Chief Medical Officer Dr. Priti Jindal (Photo: Business Wire)
Posted on

OntrakAnnouncesPricing of Follow-On Offering of Non-Convertible Perpetual Preferred Stock

OntrakAnnouncesPricing of Follow-On Offering of Non-Convertible Perpetual Preferred Stock

Company to use non-dilutive capital for working capital, M&A, investment in technology

SANTA MONICA, Calif.–(BUSINESS WIRE)–Ontrak, Inc.(NASDAQ: OTRK, OTRKP) (“Ontrak” or the “Company”), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has priced its previously announced underwritten public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock“) at $24.75 per share, for gross proceeds to the Company of approximately $42.8 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 259,500 shares of Series A Preferred Stock. The Series A Preferred Stock is listed on the Nasdaq Global Market under the symbol “OTRKP.” The offering is expected to close on or about December 18, 2020, subject to the satisfaction of customary closing conditions.

After deducting underwriting fees and other offering expenses payable by the Company, the net proceeds to the Company are anticipated to be approximately $39.7 million prior to any exercise of the underwriters’ option to purchase additional shares.

The Company intends to use a portion of the net proceeds of the offering to fund a segregated dividend account for the payment of dividends on the Series A Preferred Stock through August 2022 and to use the remaining net proceeds for general corporate purposes, which may include working capital, M&A, and investments in technology.

B. Riley Securities, Ladenburg Thalmann and William Blair are acting as book-running managers for the offering. Aegis Capital Corp., The Benchmark Company, Incapital and Kingswood Capital Markets, division of Benchmark Investments, Inc., are acting as co-managers.

The offering of the Series A Preferred Stock was made under the Company’s existing effective shelf registration statement (File No. 333-248770), which was filed with the Securities and Exchange Commission (“SEC”). The offering will be made only by means of a prospectus supplement and prospectus, which will be filed with the SEC. Before you invest, you should read the applicable prospectus supplement and prospectus for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting the SEC website at www.sec.gov. Alternatively, you may obtain copies, when available, by contacting B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (703) 312-9580 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ontrak, Inc.

Ontrak, Inc. (f/k/a Catasys, Inc.) is a leading AI-powered and telehealth-enabled, virtualized healthcare company, whose mission is to help improve the health and save the lives of as many people as possible. The company’s PRE™ (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages people who aren’t getting the care they need. By combining predictive analytics with human engagement, Ontrak delivers improved member health and validated outcomes and savings to healthcare payers.

The company’s integrated, technology-enabled Ontrak™ programs, a critical component of the PRE platform, are designed to provide healthcare solutions to members with behavioral conditions that cause or exacerbate chronic medical conditions such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure, which result in high medical costs.

Ontrak has a unique ability to engage these members, who do not otherwise seek behavioral healthcare, leveraging proprietary enrollment capabilities built on deep insights into the drivers of care avoidance.

Ontrak integrates evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaching and in-market Community Care Coordinators who address the social and environmental determinants of health, including loneliness. The company’s programs improve member health and deliver validated cost savings to healthcare payers of more than 50 percent for enrolled members. Ontrak solutions are available to members of leading national and regional health plans in 30 states and in Washington, D.C.

Learn more at www.ontrak-inc.com

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control, which may cause actual results to differ materially from stated expectations. These risk factors include, among others, the impact of the ongoing COVID 19 pandemic, changes in regulations or issuance of new regulations or interpretations, limited operating history, our inability to execute our business plan, increase our revenue and achieve profitability, lower than anticipated eligible members under our contracts, our inability to recognize revenue, lack of outcomes and statistically significant formal research studies, difficulty enrolling new members and maintaining existing members in our programs, the risk that treatment programs might not be effective, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and substantial regulation in the health care industry, the risks associated with the adequacy of our existing cash resources and our ability to continue as a going concern, our ability to raise additional capital when needed and our liquidity. You are urged to consider statements that include the words “may,” “will,” “would,” “could,” “should,” “believes,” “estimates,” “projects,” “potential,” “expects,” “plan,” “anticipates,” “intends,” “continues,” “forecast,” “designed,” “goal,” or the negative of those words or other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties we face, please refer to our most recent Securities and Exchange Commission filings which are available on its website athttp://www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

For Investors:

Caroline Paul

Gilmartin Group

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: General Health Internet Health Technology Software

MEDIA:

Logo
Logo
Posted on

Defense Contract Management Agency Selects Box for Cloud Content Management

Defense Contract Management Agency Selects Box for Cloud Content Management

REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced that the Defense Contract Management Agency (DCMA), the contract administration services for the U.S. Department of Defense (DoD), issued a five year, $6.2 million contract for Box’s enterprise cloud content management platform in September 2020, during Box’s third quarter of fiscal year 2021.

DCMA ensures the DoD and other federal organizations and international partners get the equipment they need to “fight, survive and win.” DCMA is also an essential part of the acquisition process from pre-award to sustainment. The Agency manages 300,000 contracts, valued at more than $7 trillion, at 15,000 contractor locations worldwide.

“DCMA is leading an ambitious modernization agenda, leveraging the flexibility, scalability, and security of cloud solutions like Box. This will enable DCMA to deliver on its mission, increase the flexibility and resiliency of its workforce, and reduce operating costs over the coming years,” said Sonny Hashmi, Managing Director, Global Public Sector, Box. “Through this innovative approach, DCMA will ensure that its technology architecture is able to scale and meet future mission needs in support of the Department of Defense stakeholders. We are excited to partner with the DCMA team to successfully implement this strategy.”

Box is FedRAMP compliant and received Department of Defense SRG Impact Level 4 Authorization by the Defense Information Systems Agency (DISA). With today’s announcement, DCMA joins leading organizations that have leveraged Box to power new ways of working, including the U.S. Air Force, USDA Forest Service and Farm Production and Conservation, National Institutes of Health, Department of Justice, and the District of Columbia Government.

About Box

Box (NYSE:BOX) is a leading cloud content management platform that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, General Electric, JLL, and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. To learn more about Box, visit http://www.box.com. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org.

Box PR:

Rachel Levine

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Contracts Security Public Policy/Government Software Internet White House/Federal Government Data Management Defense

MEDIA:

Logo
Logo
Posted on

Western Asset Middle Market Income Fund Inc. (“XWMFX”) Announces Distribution for December 2020

Western Asset Middle Market Income Fund Inc. (“XWMFX”) Announces Distribution for December 2020

NEW YORK–(BUSINESS WIRE)–
Western Asset Middle Market Income Fund Inc. (XWMFX) announces its quarterly distribution for the month of December 2020.

The following dates apply to the distribution schedule below:

Month

Record Date

Ex-Dividend Date

Payable Date

December

12/23/2020

12/31/2020

12/31/2020

Ticker

 

 

 

CUSIP

Fund Name

 

 

 

 

Month

Amount

 

Type

Change from Previous Distribution

XWMFX

 

95790G108

 

Western Asset Middle Market Income Fund Inc.

 

 

December

$7.79

 

Income

($2.35)

 

 

 

 

 

 

 

 

 

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distribution that has been declared by the Board of Directors. In early 2021, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

Western Asset Middle Market Income Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Category: Distribution Related

Source: Franklin Templeton

Investor Contact: Fund Investor Services 1-888-777-0102

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Posted on

Renesas and FAW Establish Joint Laboratory to Accelerate Development of Next-Generation Smart Vehicles for China’s Automotive Market

Renesas and FAW Establish Joint Laboratory to Accelerate Development of Next-Generation Smart Vehicles for China’s Automotive Market

Intelligent Driving Development Platform Collaboration Accelerates Commercialization for FAW’s Smart Vehicles

TOKYO & CHANGCHUN, China–(BUSINESS WIRE)–
Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, and China FAW Group Corporation (FAW), a leading automotive maker in China, announced the establishment of a joint laboratory in Changchun, China, effective December 1, 2020. The laboratory will enable FAW to build its development platform for intelligent driving and allow the two companies to jointly develop electronic control units (ECUs) for systems including autonomous driving, intelligent cockpit, powertrain and body control. The first set of new solutions developed in the joint laboratory will be applied to FAW’s flagship brand Hongqi.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005174/en/

FAW is committed to developing the next generation of intelligent and connected vehicles that meet needs for connectivity, automation, shared/social and electrification. To realize smart mobility, FAW strives to continuously improve its independent development capabilities by building its own intelligent driving development platform based on the high-performance automotive central computing unit. As the leading supplier of automotive processors, Renesas offers proven high-performance semiconductors as well as market-proven expertise for smart mobility. Based on Renesas automotive processors, including the RH850 Family of microcontrollers (MCUs), R-Car system-on-chips (SoCs), and power and analog devices, the companies will jointly develop a complete automotive controller development platform that meets the industry’s stringent functional safety and security standards required for FAW’s Hongqi vehicles.

“Since 2006, Renesas and FAW have nurtured a long-term relationship through technological collaboration, working together and sharing technological expertise and intellectual properties to expand vehicle innovation for the automotive market in China,” said Tomomitsu Maoka, Senior Vice President, Automotive Solutions Business Unit at Renesas and Chairman of Renesas Electronics China.“I am excited to see the establishment of our new joint laboratory based on the long-term mutual trust developed through this relationship; I believe our collaboration will drive further development and innovation for China’s automotive industry.”

“FAW is committed to strengthening independent development capablities for new intelligent, connected vehicles,” said Li Dan, Vice President of China FAW R&D Center, Dean of Intelligent Connected Development Institute. “The in-depth cooperation with Renesas, a trusted supplier of leading automotive processors with excellent technological expertise, will no doubt enrich semiconductor device options for our intelligent driving development platform and strengthen our ability to define automotive architecture and requirements for China’s automotive market. The joint laboratory will play an important role in the development and commercialization of ECUs, and we will strive to bring the ultimate driving experience to end users.”

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, Infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.

About China FAW Group Corporation

China FAW Group Corporation (FAW), formerly China First Automobile Works, established on Jul 15, 1953with registered capital of RMB 35.4 billion yuan and total assets of RMB 457.83 billion yuan. The Group comprises Hongqi, Bestune and Jiefang brands, and its core business also covers joint ventures and external cooperation, emerging businesses, overseas businesses and industrial ecosystem. FAW headquarters is directly responsible for the operation and development of Hongqi premium brand, while carrying out strategical or financial management on other businesses, so as to establish a new market-centered and customer-oriented operation and management system. Honqi and Jiefang have always maintained the top positions in brand values in China’s passenger car and commercial truck markets respectively. Hongqi L series limousine has been chosen as official car for China’s major celebrations and events, highlighting the charm of oriental luxury sedan. Hongqi H series car has seen rapid growth in its targeted market. The market share of Jiefang medium & heavy-duty trucks has also taken the lead position in Chinese commercial truck market. FAW’s new energy vehicle has been put into mass production. Hongqi launched its BEV model E-HS3, E-HS9. In 2019, FAW delivered 3.464 million vehicles to customers. Group sales revenue in 2019 totaled RMB 620 billion yuan, while earnings amounted to RMB 44.05 billion yuan. In addition, the group took the 87th place on the 2020 Fortune Global 500 list.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.

Media Contacts:

Renesas

Kyoko Okamoto

Renesas Electronics Corporation

+ 81-3-6773-3001

[email protected]

FAW Group

Peiyi Wu

+ 86- 431-8202-8055

[email protected]

KEYWORDS: California North America United States Asia Pacific China Japan

INDUSTRY KEYWORDS: Semiconductor Automotive Automotive Manufacturing General Automotive Technology Manufacturing Hardware

MEDIA:

Logo
Logo
Logo
Logo
Posted on

NETSCOUT Introduces Cybersecurity Forensics for AWS Cloud Workloads

NETSCOUT Introduces Cybersecurity Forensics for AWS Cloud Workloads

Expands Smart Perimeter Protection Solution to The Public Cloud, Offering Packet-Based Threat Hunting and Incident Response in AWS

WESTFORD, Mass.–(BUSINESS WIRE)–NETSCOUT SYSTEMS, INC., (NASDAQ: NTCT), a leading provider of service assurance, security, and business analytics, today announced the extension of its Smart Perimeter Protection to AWS. The combination of NETSCOUT’s Cyber Investigator (NCI) and CyberStream software with new AWS packet access services helps contain costs and achieve better efficiencies in mitigating novel security threats as enterprises move applications to the cloud. As the threat surface expands, the solution uses packet data and powerful cyber analytics to get to the root cause of cybersecurity issues quickly.

NETSCOUT has collaborated with AWS on packet access solutions by introducing multiple innovative ways to access packet traffic for cybersecurity and end-user experience use cases. This includes the recently announced Gateway Load Balancer (GWLB), which provides practical, affordable, and scalable access to packet traffic for security and performance management. Using GWLB, customers can direct traffic from any Virtual Private Cloud (VPC) to CyberStream and Cyber Investigator without leaving the cloud. The new Smart Perimeter Protection solution seamlessly integrates with AWS.

“NETSCOUT is committed to providing the most cost-effective and consistent visibility and control regardless of where an application runs,” said Paul Barrett, CTO, Enterprise, NETSCOUT. “NCI and CyberStream extend security forensics capabilities into the cloud, unlike any other solution. Armed with NETSCOUT’s smart data, security, and IT operations teams benefit from a shared perspective and a cost-effective solution that scales to the needs of the cloud.”

For more information about how NETSCOUT is working with AWS to improve packet-level visibility for better security and performance, please visit our AWS partner page.

About NETSCOUT

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) helps assure digital business services against disruptions in availability, performance, and security. Our market and technology leadership stems from combining our patented smart data technology with smart analytics. We provide real-time, pervasive visibility and insights customers need to accelerate and secure their digital transformation. Our approach transforms the way organizations plan, deliver, integrate, test, and deploy services and applications. Our nGenius™ service assurance solutions provide real-time, contextual analysis of service, network, and application performance. Arbor Smart DDoS Protection by NETSCOUT products help protect against attacks that threaten availability and advanced threats that infiltrate networks to steal critical business assets. To learn more about improving service, network, and application performance in physical or virtual data centers, or in the cloud, and how NETSCOUT’s performance and security solutions powered by service intelligence can help you move forward with confidence, visit www.netscout.com or follow @NETSCOUT on Twitter, Facebook, or LinkedIn.

©2020 NETSCOUT SYSTEMS, INC. All rights reserved. NETSCOUT, the NETSCOUT logo, Guardians of the Connected World, Adaptive Service Intelligence, Arbor, ATLAS, Cyber Threat Horizon, InfiniStream, nGenius, and nGeniusONE are registered trademarks or trademarks of NETSCOUT SYSTEMS, INC., and/or its subsidiaries and/or affiliates in the USA and/or other countries. Third-party trademarks mentioned are the property of their respective owners.

Maribel Lopez

Manager, Marketing & Corporate Communications

+1 781 362 4330

[email protected]

Erica McDonald

Finn Partners for NETSCOUT

+1 646 202 9784

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Security Technology Mobile/Wireless Telecommunications Software Internet

MEDIA: