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Chief Medical Officer of electroCore, Inc. Peter Staats, M.D. Describes Potential At-Home Solutions to Reduce Common COVID-19 Symptoms

Chief Medical Officer of electroCore, Inc. Peter Staats, M.D. Describes Potential At-Home Solutions to Reduce Common COVID-19 Symptoms

ROCKAWAY, N.J.–(BUSINESS WIRE)–
Amid the vaccine roll out, 97,309 new cases of COVID-19 have been reported to the CDC. Peter Staats, M.D. Chief Medical Officer of electroCore, Inc. (Nasdaq: ECOR), outlines common COVID-19 symptoms and at-home steps that can be discussed with health care providers to reduce symptoms.

At-home steps to reduce COVID-19 symptoms:

  • Confusion and Brain Fog: Although brain fog is not a true medical condition, it is a common symptom for many COVID-19 patients. Confusion and brain fog can be very frustrating and cause forgetfulness, cognitive decline, memory problems, inability to focus, haziness, and can even make sufferers feel exhausted. While there is no simple treatment for confusion and brain fog, plenty of sleep often is suggested to help promote good brain health. A healthy diet is recommended and encouraged, and when ready, physical activity and memory exercises can help jumpstart brain alertness.
  • Migraines: Traditional anti-inflammatory therapies like Advil and Tylenol may be a treatment option for many people. In addition, FDA cleared gammaCore Sapphire™ (nVNS) may be considered for appropriate patients. nVNS has been shown to decrease the pain of a migraine attack and can also prevent attacks from starting. gammaCore Sapphire is a handheld, rechargeable, portable device designed to non-invasively stimulate the vagus nerve. gammaCore Sapphire is cleared for preventive treatment of cluster headache, the acute treatment of pain associated with episodic cluster headache, and the acute and preventive treatment of migraine in adolescent (age 12 and older) and adult patients.
  • Cough: According to the U.S. Food and Drug Administration (FDA) drinking lots of warm fluids, like tea and broth is a beneficial nonmedical treatment in lessening coughs. Cough drops or hard candies help reduce the urge to cough. OTC cough suppressants like Dextromethorphan can be helpful for some patients as well.
  • Trouble Breathing:If you are experiencing new onset shortness of breath it is important to speak with your health care provider as this can be a sign of many types of problems.gammaCore SapphireTM CV (nVNS) received Emergency Use Authorization from the FDA in July, 2020 to treat patients with known or suspected COVID-19 who are experiencing aggravation of asthma-related symptoms such as reduced airflow for whom approved drug therapies provide insufficient relief. gammaCore Sapphire CV offers 12 treatments per day for up to 3 months and may help achieve improved airflow. Physicians may choose to prescribe gammaCore Sapphire CV to ease such symptoms while waiting for COVID-19 test results.
  • Fever: As the body’s natural response to kill infection, a slight fever is a sign that the body is trying to fight the infection on its own. Low level fevers are generally not a bad thing and can be reduced with Tylenol and Motrin if indicated. Always consult with your healthcare provider if fevers spike past 102 degrees.
  • Joint Pain: Persistent joint pain can be a debilitating condition and can affect quality of life, so it is important to consult a medial professional. Anti-inflammatory medications like Advil and Aleve are known to relieve and help reduce joint pain. Exercise is an ongoing way to reduce the pain and strengthen the weakened muscles around joints.
  • Inability to Wake or Stay Awake: Exhaustion and sedation are very common problems associated with COVID-19. As the body is fighting the virus, try to avoid exertion by discontinuing even the simplest most mundane tasks. Patients should generally load up on drinks high in electrolytes to replenish fluids and minerals lost while fighting the infection.
  • Monitor your Health Post-Infection: Unfortunately, long-haul COVID-19 symptoms are very common, even for people who experienced a mild case initially. If symptoms continue for longer than expected, consult with your health care provider and reference the above tips.

“Remember, continue to practice social distancing, wear a mask, and avoid large indoor social gatherings even after you’ve been vaccinated,” adds Staats. “Don’t second guess whether your pain is real. Whether COVID-19 is in its early stages or you are a COVID-19 long-hauler experiencing the same or new symptoms, keep in close touch with your healthcare provider.”

The information contained herein is for informational and educational purposes only. It is not intended to be a substitute for professional medical advice and should not be relied on as health or personal advice. Always seek the guidance of your doctor or other qualified health professional with any questions you may have regarding your health or a medical condition. Never disregard the advice of a medical professional, or delay in seeking it because of something you have read here.

If you think you may have a medical emergency, call your doctor, go to the nearest hospital emergency department, or call the emergency services immediately. If you choose to rely on any information provided herein, you do so solely at your own risk.

About electroCore, Inc.

electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its platform non-invasive vagus nerve stimulation therapy initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventative treatment of cluster headache and migraine and acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCoreTM

gammaCoreTM (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

  • gammaCore is contraindicated for patients with:

    • An active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
    • A metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
    • An open wound, rash, infection, swelling, cut, sore, drug patch, or surgical scar(s) on the neck at the treatment location
  • Safety and efficacy of gammaCore have not been evaluated in the following patients:

    • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
    • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
    • Pediatric
    • Patients (younger than 12 years)
    • Pregnant women
    • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

In the United States, the FDA has not cleared gammaCore for the treatment of pneumonia and/or respiratory disorders, such as COVID-19-associated acute respiratory stress disorder. Refer to the gammaCore Instructions for Use for all important warnings and precautions before using or prescribing this product.

The U.S. FDA has cleared the gammaCore Sapphire CV device under an emergency use authorization for acute use at home or in a healthcare setting to treat adult patients with known or suspected COVID-19 who are experiencing an exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved pharmacologic therapies are not tolerated or provide insufficient symptom relief as assessed by their healthcare provider, using noninvasive vagus nerve stimulation (nVNS) on either side of the patient’s neck.

gammaCore Sapphire CV has not been cleared or approved for acute use in the home or healthcare setting to treat adult patients with known or suspected COVID-19 who are experiencing an exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved pharmacologic therapies are not tolerated or provide insufficient symptom relief as assessed by their healthcare provider, using noninvasive vagus nerve stimulation (nVNS) on either side of the patient’s neck during pandemic Coronavirus Disease 2019 (COVID-19).

gammaCore Sapphire CV has been authorized only for the duration of the statement that circumstances exist that warrant authorization of the emergency use of medical devices under section 564(b)(1) of the Act, 21 U.S.C. § 360bbbb-3(b)(1), until the authorization is terminated or revoked.

More information can be found at:

Letter of authorization: https://www.fda.gov/media/139967/download

Fact sheet for healthcare workers: https://www.fda.gov/media/139968/download

Patient information sheet: https://www.fda.gov/media/139969/download

Instructions for use of gammaCore https://www.fda.gov/media/139970/download

Forward-Looking Statements

This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; including trials for the study of nVNS in COVID-19 patients in Spain, the U.S., or elsewhere, the business, operating or financial impact of such studies; the potential of nVNS generally and gammaCore in particular for the acute and preventative treatment of migraine in adolescence and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the SEC available at www.sec.gov.

Investors:

Hans Vitzthum

LifeSci Advisors

617-430-7578

[email protected]

or

Media Contact:

Summer Diaz

electroCore

973-290-0097

[email protected]

KEYWORDS: United States North America New Jersey

INDUSTRY KEYWORDS: Medical Devices Infectious Diseases FDA Fitness & Nutrition Cardiology Other Health Biotechnology Alternative Medicine General Health Health

MEDIA:

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Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering

PR Newswire

MESA, Ariz., March 15, 2021 /PRNewswire/ — Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced its intention to extend and amend its existing 2020 credit agreement and issue new senior unsecured notes due 2029.

“We believe transitioning to a fixed and variable debt capital structure is timely and addresses our short-term capital needs and strengthens our balance sheet for the long-term. Our visibility into recurring revenue streams and strong cash flow generation potential effectively position us to service our debt and provide us the financial flexibility to invest for the future,” stated Tricia Chiodo, Chief Financial Officer of Verra Mobility.      

The timing of pricing and terms of the notes are subject to market conditions and other factors. Verra Mobility intends to use the net proceeds of the new $650 million 7-year Term Loan B and $350 million of new 8-year Senior Unsecured Notes (the “Notes”) to repay the existing $866 million Term Loan B due 2025, fund the purchase price for the announced acquisition of Redflex Holdings Limited, and for general corporate purposes.  

This press release is for informational purposes only. It is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities, nor shall there be any offer, solicitation, or sale of the Notes or any other securities in any jurisdiction in which such an offering, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in a private placement offering exempt from registration in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States without registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or any other applicable state securities laws. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About Verra Mobility

Verra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve complex challenges faced by our customers and the constituencies they serve.

Verra Mobility serves the world’s largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles. As a leading provider of connected systems, Verra Mobility processes millions of transactions each year through connectivity with more than 50 individual tolling authorities and more than 400 issuing authorities. Verra Mobility also fosters the development of safe cities, partnering with law enforcement agencies, transportation departments, and school districts across North America operating thousands of red-light, speed, bus lane, and school bus stop arm safety cameras. Arizona-based Verra Mobility operates in more than 15 countries. For more information, visit www.verramobility.com.

Forward-Looking Statements

This press release contains forward-looking statements which address the Company’s expected future business and financial performance and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” “will” or similar expressions. Examples of forward-looking statements include, among others, statements regarding the benefits of the Company’s strategic acquisitions, changes in the market for our products and services, expected operating results, such as revenue growth, expansion plans and opportunities, and earnings guidance related to 2021 financial and operational metrics. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: (1) the disruption to our business and results of operations as a result of the COVID-19 pandemic; (2) the impact of the COVID-19 pandemic on our revenues from key customers in the rental car industry and from photo enforcement programs; (3) customer concentration in our Commercial Services and Government Solutions segments; (4) decreases in the prevalence of automated photo enforcement or the use of tolling; (5) risks and uncertainties related to our government contracts, including but not limited to administrative hurdles, legislative changes, termination rights, audits and investigations; (6) decreased interest in outsourcing from our customers; (7) our ability to properly perform under our contracts and otherwise satisfy our customers; (8) our ability to compete in a highly competitive and rapidly evolving market; (9) our ability to keep up with technological developments and changing customer preferences; (10) the success of our new products and changes to existing products and services; (11) our ability to successfully integrate our recent or future acquisitions; (12) failures in or breaches of our networks or systems, including as a result of cyber-attacks; and (13) other risks and uncertainties indicated from time to time in documents filed or to be filed with the Securities and Exchange Commission (the “SEC”) by Verra Mobility. The forward-looking statements herein represent the judgment of the Company, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. This press release should be read in conjunction with the information included in the Company’s other press releases, reports, and other filings with the SEC. Understanding the information contained in these filings is important in order to fully understand the Company’s reported financial results and our business outlook for future periods.


Investor Relations Contacts

Sajid Daudi

Investor Relations at Verra Mobility
480-596-2050

Marc P. Griffin

ICR, Inc., for Verra Mobility
646-277-1290
[email protected] 

Cision View original content:http://www.prnewswire.com/news-releases/verra-mobility-announces-extension-and-amendment-of-existing-credit-agreement-launches-senior-notes-offering-301246896.html

SOURCE Verra Mobility

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FenixOro Extends Known Strike Length of Main Vein Family to 1400m, Intercepts Additional High Grade Gold

TORONTO, March 15, 2021 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce final drill results from holes P007 – P009 from its recently completed 4029 meter Phase 1 diamond drilling program. These results have some important positive implications for the Company’s understanding of the vein system at its Abriaqui project in Colombia. Highlights include :

  • Hole P008 intersected 3.65 meters @ 5.40 g/t gold including 0.25m @ 71 g/t in veins that correlate with mined-out voids in P005 and P006.
  • The mined out voids, 4 zones totaling 13.2 meters in Hole P005 and one zone of 1.6 meters in Hole P006, show potential to positively impact the results from these holes in a significant way (Press Release February 24, 2020). The combination of this newly discovered historical mining area with the results already received (7.7 meters @ 8.46 g/t gold incl 0.45 meters at 124.5 g/t in hole P006) confirm this as an exciting new area deserving further exploration.
  • P009 was drilled across the northwest trending vein corridor (NWC) 500 meters to the southeast of P001. Veins intersected in P009 are many of the same intersected in P001 and extend the strike length of the NWC to a minimum of 1400 meters

FenixOro Vice President of Exploration Stuart Moller commented “These final results cap off a highly successful maiden drill program at Abriaqui. The intercept in P008 indicates that the multiple void spaces in holes P005 and P006 do indeed represent previously unknown old mines developed on closely spaced high grade veins. The extension of the NWC almost 500 meters to the southeast greatly increases resource potential on that entire family of veins and makes that corridor the principal focus of planned Phase 2 drilling. We are currently compiling and interpreting the data generated during Phase 1 drilling and we will report our very positive conclusions as to our view of the resource potential in the coming days.”

Hole P008 was drilled to the south from the same platform as P005 and P006 at a -65 degree angle (Figure 1). Its purpose was to drill underneath four void spaces intersected in those holes which appeared to be old mines developed on closely spaced east-west trending veins. The first two open spaces were also cut in the upper part of P008 but the projection of the deepest one was intersected below the old workings at a depth of 63 meters. The full intercept was 3.65 meters @ 5.40 g/t gold including 0.25 meters at 71 g/t. As noted in the Press Release dated February 22, 2021, the area is at the western end of the 600 x 250 meter east-west trending vein corridor (EWC) defined in part by the 24 closely spaced veins intersected in hole P003. The tight spacing of veins in P005-006 and P008 is similar to that in P003 but the grade is probably significantly higher as verified by the 71 g/t sample and the fact that historically, the artisanal miners only concentrated on the highest grade veins. Future drilling will test the area at greater depth.

Hole P009 was the southernmost area drilled in the program. It was designed to test the southeast extension of the NWC as well as a magnetic anomaly. Twelve veins were intersected, and they appear to represent the extension of the family of veins seen in P001 500 meters to the northwest. Significant intercepts are summarized in Table 1. The 1400 x 400 meter NWC is emerging as the principal exploration area on the part of the property drilled to date (Figure 1). As evidenced by hole P001, it contains the best combination of multiple veins, high grades, and vein widths (see Press Release dated February 24, 2021). The intercept at 701 meters in P005 is the deepest to date on the property, and the multiple veins in P009 extend the strike length significantly. The NWC is considered to be the best area to develop gold resources in the short to medium term and it will be the focus of the majority of the Phase 2 drilling currently in the planning stage. The magnetic anomaly was explained by a relatively magnetic, but unmineralized phase of the diorite complex.

Hole P007 was drilled to the northeast to test a series of smaller veins at the northern limit of the known mineralized system (Figure 1). Two thin veins were intercepted but grades were low and the area is not a high priority for additional drilling.


Figure 1. Drill intersections > 1 g/t gold in holes P001 – P009: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/61bd8ed4-af4f-4c8e-8c75-c370ca9d3f79


Table 1. Significant intercepts from holes P007 – P009:  

https://www.globenewswire.com/NewsRoom/AttachmentNg/f396d128-acb1-4215-99a4-52ac8ec906ca


Technical Information

Stuart Moller, Vice President Exploration and Director of the Company and a Qualified Person for the purposes of NI 43-101 (P.Geo, British Colombia), has prepared or supervised the preparation of the technical information contained in this press release. Mr. Moller has more than 40 years of experience in exploration for precious and other metals including ten in Colombia and is a Fellow of the Society of Exploration Geologists.

Drill core sampling is done in accordance with industry standards. The HQ and NQ diameter core is sawed, and half core samples are submitted to the laboratory. The other half core along with laboratory coarse reject material and sample pulps are stored in secure facilities on site and/or in the sample prep lab. Following strict chain of custody protocols, the samples are driven to the ISO 17025:2017 certified ALS Laboratory sample preparation facility in Medellin and ALS ships the prepared pulps to their assay laboratory in Lima, Peru. Blanks, duplicates, and certified reference standards totaling 15% of the total samples are inserted into the sample stream. To date, no material quality control issues have been detected. Gold is analyzed by fire assay with 50 gram charges for grades in excess of 10 grams per tonne and the additional elements are analyzed by ICP with appropriate follow-up for over- limits.

Reported grade intervals are calculated using uncut gold values. Maximum sample length is one meter. Intervals which include multiple samples are calculated using the full geologic interval of mineralization and are not subject to specific rules for cutoff grades and internal low grade. As such, quoted thickness and grade of these intervals do not necessarily represent optimized economic intervals in a potential future mine. Reported sample and interval widths are based on lengths of individual samples in core and do not necessarily represent true widths of mineralization. True widths will sometimes be less than the quoted interval lengths.

The currently reported results may not represent full results for a given drill hole as some additional sampling may be required. All material drill results will be publicly reported in due course regardless of when they are received.

The comparison between Abriaqui and the nearby Buritica project is meant only to indicate the similarities between the two in terms of geological setting. FenixOro does not imply that exploration results and/or economic characteristics of a potential future mine at Abriaqui will be similar to those seen at Buritica.


About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is located 15 km west of Continental Gold’s Buritica project in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are very similar. The report also documents the high gold grade at Abriaqui with samples taken from 20 of the veins assaying greater than 20 g/t gold.

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold
(16.02 Mt grading 10.32 g/t)
plus a 6.02 million ounce inferred resource
(21.87 Mt grading 8.56 g/t)
for a total of 11.34 million ounces of gold resources. Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

FenixOro Gold Corp

350 Bay St. Suite 700
Toronto, ON
Telephone: 1-833-ORO-GOLD

John Carlesso, CEO
Email: [email protected]
Website: www.FenixOro.com



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Alaska Communications Stockholders Approve Merger with ATN International, Inc.

Alaska Communications Stockholders Approve Merger with ATN International, Inc.

ANCHORAGE, Alaska–(BUSINESS WIRE)–
Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) (“Alaska Communications” or the “Company”) announced that, based on the preliminary voting results from a special meeting of stockholders held on Friday, March 12, 2021, Alaska Communications’ stockholders have approved the adoption of the previously announced merger agreement relating to the proposed transaction between Alaska Communications and a newly formed entity created by ATN International, Inc. (NASDAQ: ATNI) (“ATN”) and ATN’s financial partner Freedom 3 Capital, LLC (“F3C”), whereby Alaska Communications will become a consolidated, majority owned and operated subsidiary of ATN.

After certification by the inspector of elections, the final voting results will be filed with the U.S. Securities and Exchange Commission in a Form 8-K, which will also be available at www.sec.gov.

Approval by Alaska Communications’ stockholders is a condition to closing of the merger. Consummation of the merger remains subject to receipt of certain regulatory approvals and certain other customary closing conditions set forth in the merger agreement. The merger is expected to close in the third quarter of 2021.

About Alaska Communications

Alaska Communications (NASDAQ: ALSK) is the leading provider of advanced broadband and managed IT services for businesses and consumers in Alaska. The Company operates a highly reliable, advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous U.S. For more information, visit www.alaskacommunications.com or www.alsk.com.

About ATN International, Inc.

ATN International, Inc. (NASDAQ: ATNI), headquartered in Beverly, Massachusetts, invests in and operates communications and technology businesses in the United States and internationally, including the Caribbean region, with a particular focus on markets with a need for significant infrastructure investments and improvements. Our operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential and business customers, including a range of high speed internet services, mobile wireless solutions, video services and local exchange services, and (ii) wholesale communications infrastructure services such as terrestrial and submarine fiber optic transport, communications tower facilities, managed mobile networks, and in-building wireless systems. For more information, please visit www.atni.com.

About Freedom 3 Capital

Freedom 3 Capital invests in companies at inflection points. We help middle-market companies address strategic growth opportunities by delivering unique capital solutions. Our investment process provides F3C the flexibility to tailor investment structures to the industry dynamics, the company’s specific requirements and the management team and owners’ long-term business objectives. Beyond the value of our capital, we believe our private equity approach to credit investing creates valuable, lasting partnerships with stakeholders and management teams. F3C is currently investing out of Fund 4 with offices in New York and Kansas City.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and these include statements using the words such as will and expected, and similar statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations of the Company. Risks and uncertainties include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of its common stock, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals, (iii) the failure of Project 8 Buyer, LLC (“Parent”) and Project 8 MergerSub, Inc. (“Merger Sub”) to obtain the necessary financing pursuant to the arrangements set forth in the commitment letters delivered pursuant to the definitive Agreement and Plan of Merger among Parent, Merger Sub and the Company (the “Merger Agreement”) or otherwise, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (v) the effect of the announcement or pendency of the transaction on the Company’s business relationships, operating results, and business generally, (vi) risks that the proposed transaction disrupts the Company’s current plans and operations and potential difficulties in the Company’s employee retention as a result of the transaction and (vii) the outcome of any legal proceedings that may be instituted against the Company or Parent or Merger Sub related to the Merger Agreement or the transaction contemplated thereby. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of the Company described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 16, 2020 and other reports and documents filed from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies of these filings are available online at https://www.alsk.com/. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.

Alaska Communications Media Contact

Heather Cavanaugh, 907-564-7722

Director, External Affairs and Corporate Communications

Alaska Communications Investor Contact

Tiffany Smith, 907-564-7556

Manager, Board and Investor Relations

[email protected]

KEYWORDS: United States North America Alaska

INDUSTRY KEYWORDS: Mobile/Wireless Technology Other Technology Telecommunications Software Networks Internet Hardware Data Management VoIP

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mdf commerce Announces Closing of Bought Deal Public Offering

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

MONTREAL, March 15, 2021 (GLOBE NEWSWIRE) — mdf commerce inc. (“mdf commerce” or the “Corporation”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today the closing of the previously announced public offering of 5,517,242 common shares at a purchase price of $14.50 per common share for aggregate gross proceeds to mdf commerce of approximately $80 million (the “Offering”).

Stifel GMP acted as sole bookrunner and, together with Echelon Wealth Partners Inc., as co-lead underwriters for the Offering, with a syndicate of underwriters also comprised of Acumen Capital Finance Partners Limited, Laurentian Bank Securities Inc., National Bank Financial Inc. and Scotia Capital Inc.

Luc Filiatreault, President & CEO, commented: “The net proceeds of the Offering increase our cash position, thereby building further operational flexibility and facilitating the execution of our five-year strategic plan, including to fund product development and potential acquisition opportunities, principally in the strategic sourcing and ecommerce industries (including in the e-grocery technology vertical).”

Certain insiders of the Corporation participated in the Offering and purchased an aggregate of 11,000 common shares. Participation of insiders of the Corporation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders exceeds 25% of the Corporation’s market capitalization. The Corporation did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insiders of the Corporation had not been confirmed at that time.

About mdf commerce inc.

mdf commerce inc. (TSX: MDF) enables the flow of commerce by providing a broad set of SaaS solutions that optimize and accelerate commercial interactions between buyers and sellers. Our platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. Our strategic sourcing, unified commerce and eMarketplace platforms are supported by a strong and dedicated team of more than 600 employees based in Canada, the United States, Denmark, Ukraine and China. For more information, please visit us at mdfcommerce.com, follow us on LinkedIn or call at 1-877-677-9088.

For further information: 

mdf commerce inc. 

Luc Filiatreault, President & CEO
Toll free: 1-877-677-9088, ext. 2004
Email: [email protected]

Deborah Dumoulin, Chief Financial Officer
Toll free: 1-877-677-9088, ext. 2134
Email: [email protected]

André Leblanc, Vice President, Marketing and Public Affairs 
Toll Free: 1 877 677-9088, ext. 8220 
Email: [email protected]



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Altitude International Secures Name Sponsorship with iheart Radio’s Jeff DeForrest (“Defo”) Show

PR Newswire

PORT ST. LUCIE, Fla., March 15, 2021 /PRNewswire/ — Altitude International Holdings, Inc. (OTCQB: “ALTD”) has announced the signing of an Agreement with Miami sports talk icon Jeff DeForrest making Altitude International the Name Sponsor on his ever-popular radio program. The “Defo Show” has been renamed the”A-L-T-Defo Show brought to you by Altitude International” and will regularly feature in-depth interviews with the wide array of sports and entertainment talent working with ALTD, as well as numerous live reads and mentions throughout the program. The A-L-T-Defo Show is broadcast live Monday through Friday from 6-10am on Miami’s 940 WINZ and 1230 “The Zone” in Palm Beach, and can also be heard worldwide on the iheart Radio App and on www.940WINZ.iheart.com

Jeff DeForrest has been the premier sports and gaming voice on South Florida morning radio for the past 33 years. His unique and often hilarious takes on sporting events and the wagering that surrounds them have garnered him a fiercely loyal audience both inside and outside the athletic circles. 

“Altitude International is the first Name Sponsor I’ve ever taken on and is just a perfect fit for our program,” said DeForrest. “I discovered and talked about ALTD’s game-changing capability 2 football seasons back when our local NFL franchise achieved maybe the greatest in-season turnaround in NFL history while training in a simulated altitude chamber custom built by ALTD.  Watching the team’s remarkable improvement continue right through this NFL season and seeing other professional teams and learning institutions hopping onboard, it seems like it’s only a matter of time before ALTD’s altitude training becomes an integral part of every elite athlete’s conditioning program. And now with the coming mergers and all the new businesses and stars lining up with ALTD, I guarantee you I will have no shortage of topics to discuss or big names to interview associated with this rapidly rising company.”

ABOUT ALTITUDE INTERNATIONAL HOLDINGS

ALTD provides custom-built simulated altitude chambers and position-specific protocols to its clients, which include an NFL franchise, an NBA franchise, Tulane University, and Woodway, a leading high- performance treadmill manufacturer. ALTD’s team of acclaimed sports scientists represent some of the world’s most accomplished in the formulation and execution of cutting-edge training techniques. ALTD chambers have contributed to documented performance improvements for its clients, including the shattering of a world cycling record at Woodway. ALTD recently signed an LOI to acquire Breunich Ho;dings, Inc. Greg Breunich currently serves as CEO for both Breunich Holdings and ALTD. For more information about ALTD, please visit altdint.com

SAFE HARBOR STATEMENT

This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information future events or otherwise.

Media contact: Justin Baronoff 561-750-9800; [email protected].

 

Cision View original content:http://www.prnewswire.com/news-releases/altitude-international-secures-name-sponsorship-with-iheart-radios-jeff-deforrest-defo-show-301247302.html

SOURCE Altitude International Holdings, Inc.

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Travelers Institute Announces Spring 2021 Virtual Programming

Travelers Institute Announces Spring 2021 Virtual Programming

Topics will include advancements in technology, data and analytics; the outlook for the COVID-19 pandemic; and more

HARTFORD, Conn.–(BUSINESS WIRE)–
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced additional events in its “Wednesdays with Woodward” virtual series. The upcoming webinars will explore a variety of topics, including: COVID-19 vaccines; technology, data and analytics in the insurance industry; and a behind-the-scenes look at the Travelers Championship. All events are free and open to the public, and participants can register on the Travelers Institute website.

“Our virtual series offers an interactive platform with leading experts from diverse disciplines speaking on topics relevant to our audience’s personal and professional lives,” said Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers. “We’re grateful for the invaluable knowledge and experience that our partners continue to bring to these events, and we’re looking forward to sharing more of their perspectives in this year’s programming.”

The lineup will continue Wednesday, March 17, at 1 p.m. ET, with “Are You Recruiting Military Spouses Yet?” Hosted by Woodward, the webinar will explore how employers can include spouses of active-duty military members and veterans in their outreach and recruitment plans. The event will feature the following speakers:

  • Col. Matthew F. Amidon, USMCR, Director, Military Service Initiative, George W. Bush Institute
  • Colleen Deere, Executive Director, American Corporate Partners
  • Jim McMahon, Lead, Military & Veteran Outreach, Travelers

“In recent years, we have made great strides in decreasing veteran unemployment rates, and it’s time we make the same effort for military spouses,” said Amidon. “I look forward to discussing how the public and private sectors can continue to take action to help America’s heroes and their family members find meaningful employment.”

Additional webinars include:

  • March 31 – “The Art and Science of Behavior Change,” with Dr. Kit Delgado, Associate Director, Center for Health Incentives and Behavioral Economics, University of Pennsylvania; Dr. Susan Kartiko, Assistant Professor of Surgery, the George Washington University School of Medicine and Health Sciences; and Dr. Jay Winsten, Director, Initiative on Communication Strategies for Public Health, Harvard T.H. Chan School of Public Health
  • April 14 – “A Hopeful Spring: Vaccine Successes and Outlook,” with Dr. Ashish K. Jha, Dean, Brown University School of Public Health
  • April 28 – “Future Ready: Trends in Personal Insurance Distribution,” with Loree Toedman, Vice President – Field Sales, Personal Insurance, Travelers; and Jay Gauthier, Chief Marketing Officer and Head of Direct Markets, Personal Insurance, Travelers
  • May 5 – “Behind the Scenes at the Travelers Championship,” with Nathan Grube, Executive Director, Greater Hartford Community Foundation, Inc., and Tournament Director, Travelers Championship; and Andy F. Bessette, Executive Vice President and Chief Administrative Officer, Travelers
  • May 12 – “Small Business – Big Opportunity®,” with Thomas M. Sullivan, Vice President, Small Business Policy, U.S. Chamber of Commerce; and Eric Nordquist, Executive Vice President and President, Small Commercial and Business Insurance Business Centers, Travelers
  • May 19 – “The Data-Driven Enterprise: Transforming Business in the Digital Age,” with Dr. Tom Davenport, Author, “The AI Advantage”; President’s Distinguished Professor, Information Technology and Management, Babson College; Co-Founder, International Institute for Analytics; Fellow, MIT Initiative for the Digital Economy; and Senior Advisor, Deloitte Analytics; and Mojgan Lefebvre, Executive Vice President and Chief Technology & Operations Officer, Travelers
  • June 9 – “A Bright Future: Tackling a Global Pandemic,” with Dr. Mark McClellan, former FDA Commissioner; Robert J. Margolis Professor of Business, Medicine and Policy, and founding Director of the Duke-Margolis Center for Health Policy, Duke University

To learn more about the Travelers Institute or to register for an event, please visit Travelers.com/Travelers-Institute.

About the Travelers Institute

The Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.

Media:

Chesleigh Fowler, 860.277.5102

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Professional Services Data Management Other Professional Services Technology Other Technology Insurance Consulting

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Tauriga Sciences Inc. Completely Free of Convertible Debt

The Company Has Fully Repaid and Retired Its Final Outstanding Convertible Debenture

NEW YORK, NY, March 15, 2021 (GLOBE NEWSWIRE) —  via NewMediaWire — Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences company, with a proprietary line of CBD & CBG infused Supplement chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant), additional product offerings, as well as an ongoing Pharmaceutical Development initiative, today announced that it is completely free of convertible debt. The final outstanding convertible debenture (the “Debenture”), $210,000 Face Value, was issued by the Company during December 2020.  At that time, this Debenture enabled the Company to resume its Pharmaceutical development efforts.  

Tauriga’s CEO Seth M. Shaw commented, “Our management team takes great pride in this achievement as it symbolizes both fundamental progress as well as perseverance.  Especially with today’s date being the 2-year anniversary of the commercial launch of Tauri-Gum product line.  Over that period, the Company has stayed true to its long-term vision and has built a world-class product line, a valuable brand, a diversified suite of offerings, an exciting pharmaceutical development initiative, and a strong corporate balance sheet.  The Company is focused on building shareholder value over the short, intermediate, and long terms.”

ABOUT TAURIGA SCIENCES INC.

Tauriga Sciences, Inc. (TAUG) is a revenue generating, diversified life sciences company, engaged in several major business activities and initiatives.  The company manufactures and distributes several proprietary retail products and product lines, mainly focused on the Cannabidiol (“CBD”) and Cannabigerol (“CBG”) Edibles market segment.  The main product line, branded as Tauri-Gum™, consists of a proprietary supplement chewing gum that is Kosher certified, Halal certified, and Vegan Formulated (CBD Infused Tauri-Gum™ Flavors: Mint, Blood Orange, Pomegranate), (CBG Infused Tauri-Gum™ Flavors: Peach-Lemon, Black Currant) & (Vitamin C + Zinc “Immune Booster” Flavor: Pear Bellini).  The Company’s commercialization strategy consists of a broad array of retail customers, distributors, and a fast-growing E-Commerce business segment (E-Commerce website: www.taurigum.com). Please visit our corporate website, for additional information, as well as inquiries, at http://www.tauriga.com

Complementary to the Company’s retail business, is its ongoing Pharmaceutical Development initiative.  This relates to the development of a proposed Pharmaceutical grade version of Tauri-Gum™, for nausea regulation (specifically designed for the following indication: Patients Subjected to Ongoing Chemotherapy Treatment). On March 18, 2020, the Company announced that it had filed a provisional U.S. patent application covering its pharmaceutical grade version of Tauri-Gum™.  The Patent, filed with the U.S.P.T.O. is Titled “MEDICATED CBD COMPOSITIONS, METHODS OF MANUFACTURING, AND METHODS OF TREATMENT”.  On December 18, 2020 the Company disclosed that it had entered into a Master Services Agreement with CSTI to lead the Company’s clinical development efforts.

The Company is headquartered in Wappingers Falls, New York.  In addition, the Company operates two full time E-Commerce fulfillment centers: one located in Montgomery, Texas and the other in Brooklyn, New York.

DISCLAIMER — Forward-Looking Statements

This press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 which represent management’s beliefs and assumptions concerning future events. These forward-looking statements are often indicated by using words such as “may,” “will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or plans, and may include statements regarding corporate objectives as well as the attainment of certain corporate goals and milestones. Forward-looking statements are based on present circumstances and on management’s present beliefs with respect to events that have not occurred, that may not occur, or that may occur with different consequences or timing than those now assumed or anticipated. Actual results may differ materially from those expressed in  forward looking statements due to known and unknown risks and uncertainties, such as are not guarantees of general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions, fluctuations in exchange rates, and other factors over which Tauriga has little or no control. Many of these risks and uncertainties are discussed in greater detail in the “Risk Factors” section of Tauriga’s Form 10-K and other periodic filings made from time to time with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release, and Tauriga assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. You should not place undue reliance on these forward-looking statements.

Contact:

Tauriga Sciences, Inc.

4 Nancy Court, Suite 4

Wappingers Falls, NY 12590

Chief Executive Officer

Mr. Seth M. Shaw

Email: [email protected]

cell # (917) 796 9926

Company Instagram: @taurigum

Personal Instagram: @sethsms47

Twitter: @SethMShaw

Corp. Website:   www.tauriga.com

E-Commerce Website:  www.taurigum.com



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Axalta Expands Energy Solutions Portfolio With Acquisition Of Leading Chinese Producer Of Wire Enamels For Electric Devices

Highly synergistic acquisition reinforces strategy to accelerate growth in technology solutions, electronics, and thermal management related coatings.

PR Newswire

SHANGHAI, March 15, 2021 /PRNewswire/ — Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced today that it has entered into a definitive agreement to acquire Anhui Shengran Insulating Materials Co., Ltd. (“Anhui Shengran”), a leading Chinese producer  of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Financial terms have not been disclosed.

The addition of Anhui Shengran will be highly complementary to Axalta’s existing Energy Solutions portfolio. The acquisition will add new wire enamel products and capabilities to enhance our offerings to customers across several end markets, including automotive, renewable energy, and consumer electronics. The additional production capacity will further support Axalta’s expansion in rapidly growing Asian markets.

“Anhui Shengran’s wire enamel products and capabilities are highly complementary to our growing Energy Solutions business,” said Shelley Bausch, Senior Vice President of Global Industrial Coatings at Axalta. “This will be a solid platform for further specialization and growth as we support key customers in China. I am also excited to welcome the Anhui Shengran team to Axalta.”

“It was important to me that we were acquired by a company I could trust to treat my employees well, and I believe Anhui Shengran is in good hands,” said Zhangying Tu, Executive Director of Anhui Shengran. “We are excited to become part of Axalta, and we look forward to working together to add value and increase market share in the growing Energy Solutions market in China.”

With three distinctive product segments – wire enamels, impregnating resins and electrical steel coatings – Axalta’s Energy Solutions business provides a comprehensive portfolio of innovative and ecologically responsible insulating solutions for customers in new energy vehicles and other industrial markets. Axalta’s products improve the efficiency of electric motors, extend the longevity of treated parts, and help customers meet sustainability goals and requirements.

For more than 75 years, Axalta’s Energy Solutions business has been a global leader in the manufacturing of high-quality and high-performance electrical insulating materials. Through improved utilization of operating synergies, R&D capacity development and the enrichment of its our product portfolio, Axalta is rapidly growing its wire enamel product offerings globally and in China. 

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles, and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us @axalta on Twitter.

Cautionary Statement Concerning Forward-Looking Statements
This release may contain certain forward-looking statements regarding Axalta and its subsidiaries (including descriptions of the timing and expected benefits of the acquisition of Anhui Shengran Insulating Materials Co., Ltd.). Forward-looking statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements may involve risks and uncertainties, including, but not limited to, the satisfaction of the closing conditions of the transaction (including regulatory approvals), the parties’ ability to consummate the transaction on the anticipated terms and schedule, and the parties’ ability to achieve the expected benefits of the transaction. Axalta undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.

 

China Media Contact

Yang Hu

D +(86)21-6020-3594

F +(86)21-6020-3667


[email protected] 


www.axalta.com

U.S. Media Contact

Michael Lane

P +1.610-358-6388


[email protected]


www.axalta.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/axalta-expands-energy-solutions-portfolio-with-acquisition-of-leading-chinese-producer-of-wire-enamels-for-electric-devices-301247299.html

SOURCE Axalta Coating Systems Ltd.

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ReNew Power Announces Its Addition to the World Economic Forum’s Global Lighthouse Network of Companies Leading in the Area of Technology-Enabled, Sustainable Growth

ReNew Power Announces Its Addition to the World Economic Forum’s Global Lighthouse Network of Companies Leading in the Area of Technology-Enabled, Sustainable Growth

  • ReNew Power becomes World’s first clean energy company to be recognised as a Lighthouse by World Economic Forum.
  • ReNew joins cross-sector international network of companies recognized for use of technology to grow their bottom line, without increasing their environmental footprint.
  • ReNew joins a diverse group of Lighthouse companies from the tech, heavy industry, consumer products, healthcare and energy sectors.

NEW DELHI–(BUSINESS WIRE)–
ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced that it has been named to the World Economic Forum’s (WEF) Global Lighthouse Network, which recognizes companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth. In announcing ReNew’s appointment, the WEF specifically noted the Company’s recent investments in digital analytics and machine learning to increase the power yield, and decrease the downtime, of its solar and wind generation assets, as factors in its appointment. ReNew is one of only two Indian companies to be recognized by the Global Lighthouse Network this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210315005451/en/

As announced on February 24, 2021, ReNew has entered into definitive agreement for a business combination with RMG Acquisition Corporation II (NASDAQ: RMGB, RMGBW, RMGBU), a publicly traded special purpose acquisition company (SPAC), that would result in ReNew becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2021.

ReNew’s Hubli facility was specifically nominated as a Global Lighthouse for its groundbreaking work in development and deployment of advanced analytics and machine learning solutions to increase the yield of ReNew’s wind and solar assets. The technology deployment helped ReNew improve employee productivity by 31% and reduce downtime for its assets by 31%, without incurring any additional capital expenditure.

Speaking about the honor, Mr. Sumant Sinha, Founder, Chairman and Chief Executive Officer of ReNew Power said, “We are delighted to be named a Global Lighthouse company by the World Economic Forum. The recognition is a testament to our transformation efforts as we embark on our journey to become a data driven, clean energy enterprise supporting India’s clean energy transition. As we gain scale, we will embrace technology even further, in a manner that helps us respond better to disruptions, prepare for shifts in supply-demand balance, and prioritize workforce development.”

The WEF Global Lighthouse Network is a group of 69 factories which serve as a platform to develop, replicate, and scale innovations, creating opportunities for cross-company learning and collaboration, while setting new benchmarks for the global manufacturing community.

Speaking about the Global Lighthouse Network, Mr. Enno de Boer, Partner, McKinsey & Company and Global Lead of its manufacturingworkremarked, “The 69 Lighthouse manufacturers open a window into the future of operations. Though no industry is immune from digital transformation, four sectors are resetting benchmarks – Advanced Industries, Consumer Packaged Goods, Pharmaceutical and Medical products, and Heavy Industries. We are seeing a paradigm shift emerge, from reducing cost to more focus on enabling growth and environmental sustainability. The Lighthouses are proving that unlocking smart capacity through digital technologies is more effective than spending on capital infrastructure.”

Speaking about the Lighthouse program, Mr. Francisco Betti, Head of Shaping the Advanced Manufacturing and Production, World Economic Forum said, “This is a time of unparalleled industry transformation. The future belongs to those companies willing to embrace disruption and capture new opportunities. Today’s disruptions, despite their challenges, are a powerful invitation to re-envision growth. The lighthouses are illuminating the future of manufacturing and the future of the industry.”

ReNew Power, along with the World Economic Forum’s entire group of Global Lighthouse Network companies will be officially recognized at the “Lighthouse Live: Reimagining Operations for Growth” online event on March 17, 2021 at 8:00 am EST / 2:00 pm CET /6:30 pm IST. Interested parties may register for and attend the online event by clicking the link below: https://broadcast.mckinsey.com/332/4794/microsite/global-lighthouse-network-awards-2021.asp

About ReNew Power

ReNew Power Private Limited is India’s leading renewable energy independent power producer (IPP) by capacity and is the 13th largest global renewable IPP by operational capacity. ReNew develops, builds, owns, and operates utility-scale wind and solar energy projects, as well as distributed solar energy projects that generate electric power for commercial and industrial customers. As of December 31st 2020, ReNew Power had a total capacity of close to 10 GW of wind and solar energy projects across India, including commissioned and committed projects. ReNew has a strong track record of organic and inorganic growth. ReNew’s current group of stockholders contains several marquee investors including Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF SACEF and JERA. For more information, please visit: www.renewpower.in; Follow ReNew Power on Twitter @ReNew_Power

About Global Lighthouse Network

The Global Lighthouse Network is a community of production sites and other facilities that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing and big data analytics to maximize efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment, and contributing to a learning journey for all-sized manufacturers across all geographies and industries. The Global Lighthouse Network is a World Economic Forum project in collaboration with McKinsey & Co, factories and value chains that join the Network are designated by an independent panel of experts.

No Offer or Solicitation

This press release is for informational purposes only and shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Media Contacts

Arijit Banerjee [email protected]

+91 9811609245

Madhur Kalra

[email protected]

+91 9999016790

Investor Contact

Caldwell Bailey, ICR Inc.

[email protected]

KEYWORDS: United States India North America Asia Pacific New York

INDUSTRY KEYWORDS: Other Energy Utilities Environment Technology Other Technology Alternative Energy Energy

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