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PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Exchange Traded Series

Not for distribution to United States newswire services or for dissemination in the United States

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2020 December cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute monthly (“Funds”). Unitholders of record of the ETF Series, at the close of business on December 24, 2020, will receive per-unit cash distribution payable on or about December 31, 2020.

Details of the per-unit cash distribution amount are as follow:

Fund Name Ticker Cash Distribution per Unit
PIMCO Monthly Income Fund (Canada) PMIF $ 0.22036
PIMCO Monthly Income Fund (Canada) US$ PMIF.U US$ 0.25284
PIMCO Investment Grade Credit Fund (Canada) IGCF $ 0.05683
PIMCO Global Short Maturity Fund (Canada) PMNT $ 0.01233
PIMCO Low Duration Monthly Income Fund (Canada) PLDI $ 0.57078

The Manager, PIMCO Canada administers and manages the PIMCO Canada ETFs, and retains Pacific Investment Management Company, LLC (“PIMCO”), to provide sub-advisory services to the Funds.

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,850+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Forward-Looking Statements

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect the Funds’, PIMCO Canada’s and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Funds, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available from your Financial Advisor.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

All investments contain risk and can lose value. For a summary of the risks of an investment in a specific fund, please see the risks of mutual funds section of the prospectus.

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.

Funds can offer different series, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services.

The products and services provided by PIMCO Canada may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2020, PIMCO

PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350

Contact:
Agnes Crane
PIMCO – Media Relations
Phone: +212 597.1054 



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Xcel Energy Year End 2020 Earnings Conference Call

Xcel Energy Year End 2020 Earnings Conference Call

MINNEAPOLIS–(BUSINESS WIRE)–
On Thursday, January 28, 2021, Xcel Energy (NASDAQ: XEL) will host a conference call to review fourth quarter and year end 2020 financial results. Earnings will be released prior to the opening of trading.

The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions. You will be asked for the conference ID number.

US Dial-In: 888-394-8218

International Dial-In: 400-120-8590

Conference ID: 6174235

The conference call will also be simultaneously broadcast and archived on our website, along with an MP3 download, at the following location:

http://www.xcelenergy.com

Under Company, select: Investor Relations

If you are unable to participate in the live event, the call will be available for replay from 12:00 p.m. on January 28 through 12:00 p.m. on January 31, Central Time.

Replay Numbers

US Dial-In: 888-203-1112

International Dial-In: 719-457-0820

Replay Passcode: 6174235

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

Financial analysts may call:

Paul Johnson, Vice President – Investor Relations 612-215-4535

News media inquiries please call Xcel Energy Media Relations at 612-215-5300.

Internet: www.xcelenergy.com

KEYWORDS: United States North America Minnesota Colorado

INDUSTRY KEYWORDS: Other Energy Utilities Oil/Gas Coal Alternative Energy Energy Nuclear

MEDIA:

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Chubb Enhances D&O and Fiduciary Insurance Offerings to Address Changing Liability Exposures

PR Newswire

Offering provides expanded flexibility, control and protection for corporate directors and officers and fiduciaries 

WHITEHOUSE STATION, N.J., Dec. 22, 2020 /PRNewswire/ — Chubb has enhanced its Directors & Officers and Entity Securities Liability as well as its Fiduciary Liability primary insurance offerings. These improvements are designed to help companies confronted with a range of management liability risks and reinforces Chubb’s commitment to providing solutions that address a myriad of exposures that could potentially impact a company’s bottom line.

“In today’s complex legal and regulatory environment, publicly traded companies are looking for broader D&O protection options,” said Tony Galban, Senior Vice President, D&O Product Liability Manager, Chubb North America Financial Lines. “Our updated offering brings new levels of flexibility and customization with a comprehensive suite of policy endorsements that can be tailored to fit a company’s unique needs on a global basis.”

Where the D&O offering has been designed to be highly customizable, The Chubb PrimarySM Fiduciary Liability Insurance policy incorporates numerous sought after policy terms and coverages, such as settlor and pre-claim investigation coverage, along with several other new-to-market features, that provides optimal coverage enhancements.  Furthermore, the new policy form enables more customer flexibility and control in choosing how and when to use their coverage.

Alison Martin, Senior Vice President, Fiduciary Liability Product Manager, Chubb North America Financial Lines, said, “Fiduciaries of employee benefit plans are increasingly being held accountable for perceived issues in operating and administrating their plans. Our new, expansive and innovative Fiduciary offering helps protect companies of all sizes against an increasingly litigious business environment.”

For more information on The Chubb PrimarySM D&O and Entity Securities Liability Insurance for Publicly Traded Companies, visit: https://www.chubb.com/us-en/business-insurance/the-chubb-primarySM-directors-and-officers-and-entity-liability-insurance.html.

For more information on The Chubb PrimarySM Fiduciary Liability Insurance, visit https://www.chubb.com/us-en/business-insurance/the-chubb-primary-sm-fidiciary-liability-insurance.html.

About Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/chubb-enhances-do-and-fiduciary-insurance-offerings-to-address-changing-liability-exposures-301197785.html

SOURCE Chubb

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ACM RESEARCH INVESTOR ALERT – ACMR Investors With Losses Greater Than$100,000 Encouraged To Contact Kehoe Law Firm, P.C. – Class Action Investigation

PHILADELPHIA, Dec. 22, 2020 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of ACM Research Inc. (“ACM” or the “Company”) (NASDAQ: ACMR) to determine whether ACM engaged in securities fraud or other unlawful business practices.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF ACM RESEARCH BETWEEN MARCH 6, 2019 AND OCTOBER 7, 2020, BOTH DATES INCLUSIVE (THE “CLASS PERIOD”), AND SUFFERED LOSSES GREATER THAN $100,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S

SECURITIES CLASS ACTION QUESTIONNAIRE

OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802,

[email protected]

,

[email protected]

,

[email protected]

, TO DISCUSS THE 

SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

A class action lawsuit has been filed seeking to recover damages on behalf of investors who purchased, or otherwise acquired, ACM securities during the Class Period and suffered losses.

According to the class action complaint, throughout the Class Period, the ACM Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company’s business, operational, and compliance policies. The ACM Defendants, allegedly, made false and/or misleading statements and failed to disclose to investors that (i) the Company’s revenue and profits had been diverted to undisclosed related parties; (ii) accordingly, the Company had materially overstated its revenues and profits; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On October 8, 2020, J Capital Research reported, among other things, that “ACMR reports industry-beating gross margins of 47%. [J Capital Research] believe[s] the real gross margins are half that at best. That would wipe out the company’s net profit.” J Capital Research also reported that it “. . . estimate[s] that revenue is overstated by 15-20%[,]” and that it has “. . . evidence that undisclosed related parties are diverting revenue and profit from the company[.]”

Additionally, J Capital Research reported that the “[k]ey means by which ACMR tunnels over-reported profit out of the company may be through about $20 mln in overstated inventory costs and through cash that is inflated or just compromised. We think [at] least $11 mln in warranty and service costs are understated.”

On this news, ACM’s stock price dropped $1.09 per share to close at $70.79, thereby injuring investors.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.   

This press release may constitute attorney advertising.



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Partner Communications Announces Receiving A Lawsuit And A Motion For The Recognition Of This Lawsuit As A Class Action

PR Newswire

ROSH HA’AYIN, Israel, Dec. 22, 2020 /PRNewswire/ — Partner Communications Company Ltd. (“Partner” or the “Company”) (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announces that the Company received a lawsuit and a motion for the recognition of this lawsuit as a class action (the “Motion“), filed against Partner and one of its subsidiaries (together the “Respondents“) in the Tel Aviv-Jaffa District Court on December 15, 2020.

 

Partner Communications Logo

 

In the Motion it was allegedly claimed, among others, that the Respondents charge for an anti-virus service for email accounts and/or an anti-spam service for email accounts (the “Services“) customers who do not use these Services and that the Respondents do not maintain records of their explicit requests to receive these Services.

The total amount claimed against the Respondents, in case the Motion is accepted was not stated by the applicant (but was stated as estimated at over NIS 2.5 million).

Partner is reviewing the Motion and is unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuit or the range of potential exposure, if any.



About Partner Communications

Partner Communications Company Ltd. (“Partner”) is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

For more information about Partner see:

http://www.partner.co.il/en/Investors-Relations/lobby/

Contacts:

Mr. Tamir Amar

Chief Financial Officer

Tel: +972-54-781-4951

 

Mr. Amir Adar

Head of Investor Relations & Corporate Projects

Tel: +972-54-781-5051

Email: [email protected]

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SOURCE Partner Communications Company Ltd.

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ROSEN, RESPECTED INVESTOR COUNSEL, Reminds Semiconductor Manufacturing International Corporation Investors of Important February 8 Deadline in Securities Class Action First Filed by the Firm – SMICY

NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Semiconductor Manufacturing International Corporation (OTC: SMICY) between April 23, 2020 and September 26, 2020, inclusive (the “Class Period”), of the important February 8, 2021 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for SMIC investors under the federal securities laws.

To join the SMIC class action, go http://www.rosenlegal.com/cases-register-1961.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there was an “unacceptable risk” that equipment supplied to SMIC would be used for military purposes; (2) SMIC was foreseeably at risk of facing U.S. restrictions; (3) as a result of restrictions by the U.S. Department of Commerce, certain of SMIC’s suppliers would need “difficult-to-obtain” individual export licenses; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1961.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        [email protected]
        [email protected]
        www.rosenlegal.com



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AgeX Therapeutics, Inc. Announces That Its Annual Meeting of Stockholders Will Be Conducted Online Only

AgeX Therapeutics, Inc. Announces That Its Annual Meeting of Stockholders Will Be Conducted Online Only

ALAMEDA, Calif.–(BUSINESS WIRE)–
AgeX Therapeutics, Inc. (“AgeX”; NYSE American: AGE) announced today that due to state and county government health orders, attendance at the AgeX 2020 Annual Meeting of Stockholders (the “Annual Meeting”) to be held at 10:00 a.m. Pacific Standard Time on Monday, December 28, 2020 will be permitted only through online participation. The County of Alameda, California, where AgeX’s offices are located and where AgeX had planned to hold the Annual Meeting, has issued Health Officer Order 20-21 (the “Order”) restricting or prohibiting many business activities due to the COVID-19 pandemic. The Order provides that offices must close and business must be conducted remotely, except in critical infrastructure sectors where remote work is not possible.

As disclosed in AgeX’s Proxy Statement, AgeX has made arrangements for stockholders to attend and vote at the Annual Meeting online. Stockholders who follow the procedures for attending the Annual Meeting online will be able to vote at the Annual Meeting and ask questions. If you do not comply with the procedures for attending the Annual Meeting online, you will not be able to participate and vote at the Annual Meeting online but you may view the Annual Meeting webcast by visiting https://web.lumiagm.com/268644388 and following the instructions to log in as a guest using the password agex2020.

If you are a “stockholder of record” (meaning that you have a stock certificate registered in your own name), to attend and participate in the Annual Meeting online you will need to visit https://web.lumiagm.com/268644388 and use the control number on your proxy card to log on. The password for the Annual Meeting is agex2020.

If you are a “street name” stockholder (meaning that your shares are held in an account at a broker-dealer firm) and you wish to participate and vote online at the Annual Meeting, you must first obtain a valid legal proxy from your broker, bank or other agent and then register in advance to attend the Annual Meeting by following the directions for registration in section of AgeX’s Proxy Statement entitled “HOW TO ATTEND THE ANNUAL MEETING”.

Please refer to your copy of the Proxy Statement for the Annual Meeting for other information about the Annual Meeting and matters proposed to be approved by AgeX stockholders at the Annual Meeting. A copy of the Proxy Statement and other proxy materials and our Annual Report on Form 10-K, as amended, can also be found at https://materials.proxyvote.com/00848H and on the SEC’s website at www.sec.gov and in the “Investors-Financial Information-SEC Filings” portion of AgeX’s website at www.agexinc.com.

If you cannot participate online you may still vote your shares by submitting a proxy by mail, by phone, or online by following the instructions on your proxy card.

Contact for AgeX:

Andrea Park

[email protected]

(510) 671-8620

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Research Pharmaceutical Consumer Clinical Trials Science Cardiology Biotechnology Seniors Stem Cells Other Science Health Diabetes

MEDIA:

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Pennsylvania American Water and Royersford Borough Invite Customers to Participate in Telephonic Public Input Hearing on Wastewater System Acquisition

Pennsylvania American Water and Royersford Borough Invite Customers to Participate in Telephonic Public Input Hearing on Wastewater System Acquisition

Current and potential future customers can provide input on the company’s application to acquire the system and its 1,600 customers

ROYERSFORD, Pa.–(BUSINESS WIRE)–
Pennsylvania American Water and Royersford Borough will join the Pennsylvania Public Utility Commission (PUC) to hear public comment on Pennsylvania American Water’s recent application to acquire the Royersford Borough wastewater system assets. Royersford’s system serves approximately 1,600 wastewater customers in Montgomery County, and Pennsylvania American Water is already the water provider in the area. According to Borough officials who agreed to the wastewater system sale in December 2019, the proceeds of the sale will support local economic priorities and fund the long-term needs of the Borough. Additional details about the proposed acquisition and potential future rate impact were included in a notice mailed to all Pennsylvania American Water customers and all current Royersford Borough customers in September and October.

The public input hearing is scheduled for Jan. 7, 2021 at 6 p.m. using a telephone conference call platform. If you wish to speak at the public input hearing, please contact the Pennsylvania Office of Consumer Advocate (OCA) at 1-800-684-6560 by Jan. 6, 2021 to register as a witness. If you do not register in advance, you may not be able to testify. If you have any questions, please do not hesitate to call the OCA. At the public input hearing time, the call-in number to participate will be 1-800-231-0316. If you are testifying, please call in 10-15 minutes before the hearing starts so the moderator can give instructions and test the audio.

About Pennsylvania American Water

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.4 million people. With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter,Facebook and LinkedIn.

Media:

Laura Martin

Director, Communications & External Affairs

C: 304-932-7158

E: [email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Public Policy/Government Other Energy Utilities Natural Resources Environment State/Local Energy Other Natural Resources

MEDIA:

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Q2 Announces Immediate Availability of End-to-End Paycheck Protection Program (PPP) Solution

Q2 Announces Immediate Availability of End-to-End Paycheck Protection Program (PPP) Solution

Cloud-based PPP solution provides 100% digital loan origination and forgiveness, dramatically increasing lenders’ processing capacity ahead of latest Covid-19 relief package, quickly getting money into the hands of businesses that need it

AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced the availability of its Paycheck Protection Program (PPP) solution for lenders planning to participate in the next wave of the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The funding, part of the most recent Covid-19 relief package passed by Congress on December 21, will make $284 billion available for lenders to distribute to small businesses in need as early as January 2021.

Q2’s PPP solution has been in the market since the initial launch of PPP in April 2020. Automating the origination and forgiveness process via a single system has helped lenders process substantially more loans than would be possible manually. As a result, lenders can issue critical relief to more businesses in their communities, attract new business customers, and maximize PPP loans’ profitability.

“The latest round of funding for PPP gives lending institutions an opportunity to step up and support their communities,” said Darpan Saini, Senior Vice President and General Manager, Q2 Cloud Lending. “By using a digital solution, those lenders can reach so many more businesses in dire need of financial relief. And lenders that are able to respond quickly and focus on simplifying the borrower experience will have a substantial competitive advantage in using PPP to attract new business customers.”

The PPP solution comprises two pre-integrated modules, PPP Originate and PPP Forgiveness, which combine to provide a 100% digital experience for lenders and borrowers with no in-person interaction required. For lenders, the system simplifies PPP application management and fulfillment and automates SBA eligibility and submission. For borrowers, the system streamlines the application process, which can be completed in 90 seconds or less, helping funds get to businesses swiftly.

Q2’s PPP solution can be implemented in under five days, as was the case with OnPoint Credit Union in Portland, Oregon, which used the system to become the seventh-largest credit union SBA lender in the nation through the first two rounds of PPP funding.

“Participating in the Paycheck Protection Program has let our community know we are here to support them,” said Steve Leugers, SVP and Chief Credit Officer at OnPoint Credit Union. “This is a crucial time for lending institutions to be there for businesses in the communities we serve, and Q2’s partnership has helped us serve thousands of new and existing members in their time of need.”

Q2 is committed to its mission of building strong and diverse communities by strengthening their financial institutions and is honored to partner with financial institutions in supporting local businesses and communities through PPP. For more information on Q2’s SBA Paycheck Protection Program solution, please visit https://learn.q2.com/ppp.

About Q2 Holdings, Inc.

Q2 is a financial experience company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. With comprehensive end-to-end solution sets, Q2 enables its partners to provide cohesive, secure, data-driven experiences to every account holder – from consumer to small business and corporate. Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com.

Beth Williams

Q2 Holdings, Inc.

1-512-293-6013

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Finance Banking Professional Services Technology Software

MEDIA:

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Argent, San Francisco Bay Area Building Materials Recycler, Transforms Bay Area Work Truck And Equipment Fleet Into Low-Emission Carbon, Green Machines Using Neste MY Renewable Diesel

Switching to Neste MY Renewable Diesel™Eliminates Fossil Fuels from Vehicle Fleet Diet, Immediately Lowering Emissions and Helping Protect the Environment

PR Newswire

OAKLAND, Calif., Dec. 22, 2020 /PRNewswire/ — Since forming in 2013, Argent Materials, a regional recycler of concrete and asphalt, and supplier of aggregate materials such as crushed rock, entry, cutback, sand, backfill and base rock for construction projects, has diverted more than a billion pounds of waste from local landfills. As a result, Argent has offset more than 97 million pounds of carbon from the atmosphere and removed a half-million pounds of trash from the streets of Oakland, California.

Now, thanks to Argent’s recent switch from petroleum diesel to Neste MY Renewable Diesel™, it can add the elimination of fossil fuels from its vehicle and equipment fleet to its list of environmentally mindful business accomplishments.

Examining electric-driven solutions to the carbon and emissions footprint of Argent’s fleet, it became clear the best fit would be low-carbon, sustainable, bio-based renewable diesel fuel, primarily due to the rugged duty cycles of its trucks and equipment.

“We decided to switch to renewable diesel once our quality and availability concerns were satisfied,” says Bill Crotinger, president of Argent Materials Inc. “Our environmental track record and continual efforts to help our customers build more sustainable communities played a major role in our decision to use renewable diesel in our fleet. It was just another element of our philosophy to not just do the right thing, but make doing the right thing a normal part of doing business.”

Argent has a fleet of about 20 pieces of equipment comprised of wheel loaders, excavators, bobcats and a couple of water trucks.

“Our experience has been positive,” Crotinger says. “There’s no change in engine performance. We absolutely love the renewable nature of this product. We have noticed that the exhaust appears cleaner and seems less toxic.”

All of the renewable products Neste distributes in North America are made from 100% renewable and sustainably sourced waste materials such as used cooking oil, rendered fats and greases. These wastes come from meat processing facilities, hotels, restaurants, sports stadiums and many other venues with industrial kitchens.

Waste and residue materials contain a lot of carbon, one of the main building blocks for renewable diesel. Importantly, this is existing carbon already in the atmosphere, which means Neste MY Renewable diesel emits no new greenhouse gas emissions when used in its 100% pure form – or “neat” – in an engine.

The only new emissions occur during the production operations, which Neste aims to make carbon-neutral by 2035, and supply chain operations. Additionally, Neste is researching and developing a new generation of raw materials that could further enhance renewable diesel’s climate benefits – including municipal solid waste, algae, forestry waste and even converting electric power to liquids.  

“We’re very excited Argent Materials has joined with thousands of other progressive-minded California companies and cities to kick the oil habit and make the switch to Neste MY Renewable Diesel,” says Carrie Song, vice president of sales, Neste US, Inc.

Argent’s move to renewable diesel is in keeping with Neste’s overall approach to environmental sustainability in transportation and other sectors of the economy.

“Renewable diesel is a drop-in fuel that essentially transforms an internal combustion engine into equipment that helps fight climate change and air pollution,” says Song. “As California progresses toward a carbon-neutral future, renewable diesel offers fleet operators an affordable and quick way to stay ahead of emissions standards with no extra costs by turning their medium and heavy-duty road vehicles from fossil fuel to fossil free. Like Neste, Argent is a leader in recycling solutions and proactively taking care of the environment. I’m confident Neste MY Renewable Diesel is not only providing a better fuel solution to Argent’s fleet, but is also delivering a distinct advantage to significantly decreasing its carbon footprint.”

Neste MY Renewable Diesel is available to public and private fleets in California through authorized distributors. Western States Oil, headquartered in San Jose, Calif., is the exclusive distributor of Neste MY Renewable Diesel to Argent Materials. Using exclusive distributors ensures supply chain integrity and guarantees its high quality.

ABOUT NESTE
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enables our customers to reduce climate emissions. We are the world’s largest renewable diesel producer from waste and residues, introducing renewable solutions to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2019, Neste’s revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the world’s most sustainable companies. Read more: neste.com and follow us on Twitter and LinkedIn.

Media Contact:
Helen Deian
[email protected]
+1 713 870 5217

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SOURCE Neste