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T-Mobile Puts 5G Network Rollout in Overdrive, Launches First 5G Hotspot and Industry’s Best Hotspot Plans

T-Mobile Puts 5G Network Rollout in Overdrive, Launches First 5G Hotspot and Industry’s Best Hotspot Plans

America’s 5G coverage leader debuts industry’s best (by a LOT) standalone hotspot plans at a time when people need more affordable, effective connectivity for remote work and learning.

T-Mobile widens its 5G lead, upgrading thousands of new cell sites with Ultra Capacity 5G this month — a record-breaking pace.

BELLEVUE, Wash.–(BUSINESS WIRE)–
Foot firmly on gas. Just one year ago, T-Mobile (NASDAQ: TMUS) launched nationwide 5G. Today, the Un-carrier is demonstrating — again — just how powerful its industry-leading 5G network is by launching the industry’s BEST standalone hotspot plans for your connected devices, including an absolutely WILD deal for 100GB of mobile internet data for just $50. T-Mobile is also launching the company’s first 5G mobile hotspot with the ability to connect up to 30 devices — so customers can take those Wi-Fi-rivaling Ultra Capacity speeds on the go for connected devices. And the Un-carrier is shifting into overdrive to make those ultra-fast speeds available in more places at an unprecedented pace, lighting up thousands of cell sites with mid-band Ultra Capacity 5G this month and widening its 5G lead.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005613/en/

Hotspot Data Only Pricing (Graphic: Business Wire)

Hotspot Data Only Pricing (Graphic: Business Wire)

These hotspot plans are made possible by T-Mobile’s capacity-rich 5G network, which delivers the perfect combo of coverage AND speed. T-Mobile’s 5G network is America’s largest with Extended Range (low-band) 5G that covers 270 million people over 1.4 million square miles — 2x more square miles than AT&T and 3.5x more than Verizon. And with Sprint now part of T-Mobile, the Un-carrier is lighting up mid-band Ultra Capacity 5G at a never-been-done-before pace to bring this super-fast 5G experience — that can bring download speeds around 300 Mbps and peak speeds up to 1 Gbps — to even more customers. One mid-band Ultra Capacity 5G site can cover tens of thousands of times the area that one Verizon Ultra Wideband 5G site can cover, giving T-Mobile customers the Wi-Fi rivaling 5G speeds in waaaaay more places.

“Today’s news is another example of what you can do when you’re working to build the most powerful, highest capacity 5G network in the nation … you can take all that speed with you on your devices at unheard of prices. And it couldn’t come at a better time for millions in need of reliable, affordable connectivity,” said Mike Sievert, President and CEO at T-Mobile. “We already cover more of the country with 5G than AT&T and Verizon combined — now we’re adding super-fast 5G on top at an absolutely blistering pace. Every month, we’re adding more Ultra Capacity 5G than Verizon has added in the last two years with Ultra Wideband. And we’re just getting started.”

Industry’s Best Hotspot Data Plans

The Un-carrier’s unmatched 5G network also means T-Mobile can deliver the industry’s BEST prices for standalone hotspot data to keep your devices connected. Starting December 13, T-Mobile customers can get 5GB of mobile internet data, including Ultra Capacity 5G speeds, for just $20 a month (with autopay), saving $30 over Verizon for that much data. Or get 10GB for $30, 30GB for $40 … or an incredible 100GB for just $50 a month (with autopay) for a limited time. That’s 20x more data — on 3.5x more 5G network — than you’d get at Verizon for the same price.

With 50 million kids in remote learning and many working from home, people are relying even more today on their connected devices to work, learn and play. With 100GB, that’s enough help keep the whole family connected on up to 320 hours of video calls each month! And this awesome deal isn’t just for T-Mobile and Metro by T-Mobile, it’s even available to Verizon and AT&T customers who just want the best industry price on a hotspot data plan.

T-Mobile’s First 5G Hotspot

To make good use of all that data, T-Mobile today launched its first 5G hotspot, the Inseego 5G MiFi® M2000, available now in T-Mobile stores and online. The Inseego 5G MiFi M2000 features 5G speeds — on both the Un-carrier’s Extended Range and super-fast Ultra Capacity 5G network — plus 4G LTE when needed. It’s got the latest in Wi-Fi tech with 40% faster speeds than previous generations and the ability to connect up to 30 Wi-Fi enabled devices at once, along with the latest in enterprise-grade security and a battery that lasts more than 24 hours while in use1.

Right now you can get the Inseego 5G MiFi for 50% off with 24 monthly bill credits when you add a line, making it only $168 full retail price or $7 per month with the equipment installment program (EIP) — a great solution for anyone who needs additional bandwidth at home for work, learning and entertainment. Plus, T-Mobile for Business customers needing enterprise-grade security and reliable connections can equip employees with 5G speeds in one location or on the go, wherever your business takes you. The 5G MiFi is a secure, mobile Wi-Fi solution that can connect a team of co-workers or as a guest network. Additionally, IT organizations can easily manage their 5G MiFi deployments throughout their corporate networks with the Inseego Connect™ cloud management solution.

T-Mobile is America’s undisputed 5G coverage leader — and the Un-carrier just keeps widening its lead. For more information on T-Mobile’s network, visit t-mobile.com/coverage.

And as always, follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

1 Battery lifetime may vary depending on usage and number of devices connected.

Ultra Capacity 5G includes mid- and/or high-band 5G signals. Ultra Capacity 5G covers hundreds of cities and millions of people, with more added all the time. “As fast as Wi-Fi” based on analysis by T-Mobile of Speedtest Intelligence® data from Ookla® U.S. median 5G T-Mobile results compared to all fixed internet results from cities with 2.5GHz speeds for August – October 2020. 2.5GHz available only in select cities (see https://www.t-mobile.com/5Glayers). Ookla trademarks used under license and reprinted with permission. Capable device required; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com. Limited time offers; subject to change. During congestion, customers on the $50 hotspot plan may notice speeds lower than other customers and further reduction if using >100GB/mo. (>50GB/mo. for other hotspot plans), due to data prioritization. Video typically streams at DVD quality (480p). Mobile hotspot plans include high-speed data up to allotment, and then max 2G speeds. See plan for details; taxes and fees may be additional. Metro: Voice service required; 5 GB plan not available at Metro.

About T-Mobile

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com.

Media Contacts

T-Mobile US, Inc. Media Relations

[email protected]

Investor Relations Contact

T-Mobile US, Inc.

[email protected]

https://investor.t-mobile.com

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Other Consumer Consumer Technology Telecommunications Mobile/Wireless Networks Internet

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Hotspot Data Only Pricing (Graphic: Business Wire)
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DEFENDING THE NATION’S RENEWABLE ENERGY RESOURCES FROM CYBER ATTACK DURING A PANDEMIC

with FoxGuard Solution’s In Depth Strategy for Securing Industrial Control Systems

CHRISTIANSBURG, VA, Dec. 10, 2020 (GLOBE NEWSWIRE) — – FoxGuard Solutions, Inc. in partnership with Lawrence Livermore National Laboratory (LLNL), a U.S. Department of Energy (DOE) lab, worked together to successfully complete a DOE Cyber Security for Energy Delivery Systems (CEDS) project, which included technology and solutions that ensure the security and improve the resilience of the Department of Defense (DOD) and the Veterans Affairs’ (VA) Distributed Energy Resource (DER) infrastructure.

CYBER SECURITY ON SOLAR ARRAYS

Technology tools (software and hardware) allow for rapid cybersecurity deployments at secure DOD and VA facilities for operational technologies like Solar systems. The project showcased how an integrated patch and network analytics/management solution can identify (and mitigate) risks to both physical and cyber operations of many types of microgrids including solar, wind, combined heat and power (CHP), and fossil generation. 

DISTRIBUTED ENERGY RESOURCE INTEGRATION 
Using technology tools funded by the DOE CEDS program, the project team analyzed the architecture of currently deployed DER, identified security patches and vulnerabilities, and analyzed interactions and responses to cyberthreats. The initiative enhanced the resiliency and reliability of energy delivery systems in secure microgrid facilities through proactively addressing potential cyber risks. Tools integrated into this pilot provided a holistic and comprehensive strategy for cyber-secure deployment of DER at VA and DOD facilities, ensuring that cybersecurity at these critical facilities (and additional energy infrastructure sites across the nation) can be integrated into to existing systems deployed within these environments.

CRITICAL ENERGY INFRASTRUCTURE

Demonstration projects at secure DOD and VA facilities showed how both microgrids and Distributed Energy Resources at these critical locations can be protected from vulnerabilities by using advanced cybersecurity tools together with active monitoring, patch management, and device monitoring technology.


About FoxGuard Solutions, Inc.


FoxGuard Solutions develops custom cybersecurity, compliance, and industrial computing solutions. FoxGuard provides reliable, secure, and configurable patch management reporting services, which include availability reporting and applicability analysis for information technology (IT) and operational technology (OT) assets used in critical infrastructure environments.

 

Visit foxguardsolutions.com to learn more.

Additional information about our Sentrigard Security Platform: Spec Sheet


FoxGuard Solutions® is a wholly-owned subsidiary of Framatome, an international leader in nuclear energy.

 

###



Marcie Killen
FoxGuard Solutions
5403824234 ext 152
[email protected]

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AeroVironment Introduces Extended Range Antenna (ERA), Expanding UAS Command and Control up to 40 Kilometers in a Lightweight, Portable Form Factor

AeroVironment Introduces Extended Range Antenna (ERA), Expanding UAS Command and Control up to 40 Kilometers in a Lightweight, Portable Form Factor

  • Cost-effective optional antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna
  • Provides operators 100 percent greater controllable range over standard RF head antenna with minimal logistical footprint
  • Add-on kit narrows antenna beam width, extending command and control range up to 40 km

SIMI VALLEY, Calif.–(BUSINESS WIRE)–AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the introduction of its Extended Range Antenna (ERA), the latest addition to AeroVironment’s growing line of network connectivity solutions. The ERA is a lightweight, portable antenna array kit designed to integrate seamlessly with AeroVironment’s standard RF head antenna to support a diverse range of missions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005292/en/

AeroVironment’s new Extended Range Antenna (Photo: AeroVironment)

AeroVironment’s new Extended Range Antenna (Photo: AeroVironment)

The ERA add-on kit narrows the antenna beam width, extending the command and control range up to 40 kilometers (24.9 miles) with minimal impact to its size, weight and power (SWAP) footprint. Similar to the standard RF head antenna, the ERA is manually positioned. The included RF Unit switch allows users to toggle between omnidirectional mode, for short-range operations, and extended range mode, for longer-range operations. The ERA supports both M1/2/5 and M3/4/6 Digital Data Link (DDL) operating bands.

By adding the ERA kit to their existing AeroVironment RF antenna, UAS flight operators can immediately expand their operational capabilities, gaining actionable battlefield intelligence at greater stand-off range to maximize their stealth and safety. When used in combination with other AeroVironment network connectivity options, the ERA provides an enhanced level of operational flexibility. This enables teams to coordinate command and control transfer of UAS, such as Puma LE, easily over greater distances, maximizing the aircraft’s multi-mission capabilities, in day or night operations, across dynamically changing environments.

“AeroVironment continues to incorporate direct customer and user feedback into our product development investments to address increasingly complex and dynamic mission requirements,” said Rick Pedigo, AeroVironment vice president of sales and business development. “Not only do operators benefit from available options in terms of UAS capabilities, but they can also benefit from a selection of antenna options that are portable, easy to operate and provide extended range and multi-mission capabilities.”

Further expanding its connectivity solutions, AeroVironment recently announced updates to its Long Range Tracking Antenna (LRTA), which it now offers in two versions to support M1/2/5 and M3/4/6 DDL frequency bands. AeroVironment’s network connectivity product line includes the pocketable, short-range pDDL (5 km), standard RF antenna (20 km), ERA (40 km) and LRTA (60 km) capabilities in both M1/2/5 and M3/4/6 bands.

For more information on AeroVironment’s network connectivity solutions, visit www.avinc.com/tuas/network-connectivity.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, VAPOR® Helicopter, together with Quantix™ Recon, comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For additional media and information, please follow us at:

Facebook: https://www.facebook.com/aerovironmentinc/

Twitter: https://twitter.com/aerovironment

LinkedIn: https://www.linkedin.com/company/aerovironment

YouTube: http://www.youtube.com/user/AeroVironmentInc

Instagram:https://www.instagram.com/aerovironmentinc/

AeroVironment, Inc.

Makayla Thomas

+1 (805) 520-8350

[email protected]

Mark Boyer

For AeroVironment, Inc.

+1 (310) 229-5956

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Defense Technology Mobile/Wireless Telecommunications Networks Other Defense

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AeroVironment’s new Extended Range Antenna (Photo: AeroVironment)
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Advent Technologies Concludes Collaboration With Northeastern University and World-Class Research Team to Develop Next-Generation Hydrogen Production

Advent Technologies Concludes Collaboration With Northeastern University and World-Class Research Team to Develop Next-Generation Hydrogen Production

Advancement in Electrolysis Could Drop Electrolyzer System Costs by at Least 50%

Results Exceed Prior DOE Benchmarks

CAMBRIDGE, Mass.–(BUSINESS WIRE)–
Advent Technologies (“Advent”), an innovation-driven company in the fuel cell and hydrogen technology space, today announced that it has concluded a Department of Energy (“DOE”) HydroGen Program in which collaborators including lead partner Northeastern University, the University of Delaware, and several National Laboratories have advanced the state of hydrogen production with a next-generation water electrosis. The program was funded by the DOE’s Office of Energy Efficiency and Renewable Energy.

Dr. Vasilis Gregoriou, Advent’s Founder and Chief Executive Officer, commented: “This advancement further validates Advent’s leading role in hydrogen production. We were excited to have partnered with prestigious research institutions such as Northeastern University and the University of Delaware, as well as multiple DOE Laboratories – including the National Renewable Energy Laboratory, Lawrence Berkeley Laboratory, and Sandia National Laboratory. Going forward, we will now be even better placed to leverage our expertise in commercializing these materials to enable the hydrogen economy over the next decade.”

Northeastern University Professor and Chair of Advent’s Technical Advisory Board, Sanjeev Mukerjee, added: “We are pleased to work with Advent and our other partners to advance this exciting green hydrogen technology. The developments from this program have the potential to significantly speed up the adoption of the hydrogen economy. This advancement could drop electrolyzer system costs by at least 50% due to this technology enabling higher power density. Furthermore, the potential to use seawater instead of high purity water as a feedstock can significantly lower the total cost of operation and allow for faster deployment of distributed hydrogen production units throughout the continent. The team has greatly exceeded the benchmarks established by the DOE, achieving levels of performance thought unattainable five years ago.”

The purpose of this program was to use ion exchange membranes and low cost catalysts to achieve a variety of objectives, including:

  1. Lower Cost of Hydrogen: The DOE target of using 43 kWh per kg of hydrogen produced was exceeded by the team to under 40 kWh per kg of hydrogen. By using renewable wind or solar power to produce hydrogen, this achievement brings the costs toward ~ $1.20/kg of hydrogen (assuming a $0.03/kWh cost), well under the DOE target of $2.00/kg of hydrogen, and further accelerating the promise of a hydrogen-powered economy.
  2. Cost-Effective Electrolyzer: The capital cost of water electrolyzers today is still high and a barrier for widespread hydrogen adoption. By operating at 1 A/cm2 at a voltage under 1.8V, the process outperforms the DOE’s target and results in a lower number of cell parts needed and lower capital costs.
  3. Electrolysis of Saltwater: Typical membrane electrolyzers need high purity water to produce hydrogen. As part of this program, the consortium has shown feasibility that electrolysis of saltwater is achievable without creating chlorine as a byproduct. The environmental, cost, and energy security implications of this achievement are quite important.

About Advent Technologies

Advent Technologies is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies, please visit the Company’s website at https://www.advent.energy/

Advent Technologies Inc. (“Advent”) and AMCI Acquisition Corp. (NASDAQ: AMCI) (the “Company” or “AMCI”), a special purpose acquisition company, have announced that they have entered into a definitive agreement and plan of merger (the “Merger Agreement”) for a business combination that would result in Advent becoming part of a publicly listed company as a wholly-owned subsidiary of AMCI. Upon the closing of the transaction, the combined company will operate as Advent Technologies Holdings, Inc., and its common stock will be listed on the Nasdaq.

Additional Information about the Proposed Transaction and Where to Find It

In connection with the proposed transaction between the Company and Advent, the Company has filed a registration statement on Form S-4, (SEC File No. 333-250946) which also includes a preliminary proxy statement, with the Securities and Exchange Commission (“SEC), and will mail a definitive proxy statement and other relevant documents to its stockholders. Investors and security holders of the Company are advised to read the preliminary proxy statement, and amendments thereto, and, when available, the definitive proxy statement in connection with the Company’s solicitation of proxies for its special meeting of stockholders to be held to approve the transaction and related matters, because the proxy statement will contain important information about the transaction and the parties to the transaction. The definitive proxy statement will be mailed to stockholders of the Company as of a record date to be established for voting on the transaction. Stockholders will also be able to obtain copies of the definitive proxy statement, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: AMCI Acquisition Corp., 1501 Ligonier Street, Suite 370, Latrobe, PA 15650.

Participants in Solicitation

The Company and Advent and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to the Company’s stockholders in connection with the proposed transaction is set forth in the registration statement on Form S-4 that includes the preliminary proxy statement for the proposed transaction. Information concerning the interests of the Company’s and Advent’s participants in the solicitation, which may, in some cases, be different than those of the Company’s and Advent’s stockholders generally, is set forth in the registration statement on Form S-4 that includes the proxy statement relating to the transaction.

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Advent’s and the Company’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Advent’s and the Company’s expectations with respect to future performance and the proposed transaction, and the timing of the completion of the proposed transaction. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Advent’s and the Company’s control and are difficult to predict.

Media:

Sloane & Company

Dan Zacchei / Joe Germani

[email protected] / [email protected]

 

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Technology Energy Other Technology Oil/Gas

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Edwards Lifesciences Outlines Growth Strategy At Annual Investor Conference

PR Newswire

IRVINE, Calif., Dec. 10, 2020 /PRNewswire/ — Edwards Lifesciences Corporation (NYSE: EW) will discuss the company’s strategy for longer-term growth, provide an update on its technology pipeline and share its financial guidance today during its annual investor conference.

Highlights
1
 of today’s conference include:

  • Presenting long-term strategic initiatives and growth outlook
  • Projecting 2021 global sales of $4.9-5.3 billion; underlying growth in the mid-teens
  • Projecting 2021 TAVR sales of $3.2-3.6 billion; underlying growth 15-20%
  • Estimating 2021 adjusted earnings per share $2.00-2.20

“Putting patients first has never been more important than it is in 2020, and I am humbled by the agility, resourcefulness and passion of our partners and employees in maintaining their important work on behalf of patients during this particularly difficult time,” said Michael A. Mussallem, chairman and CEO. “Although we expect the pandemic to have a continuing impact on the global healthcare system, we are very optimistic about 2021 and we anticipate returning to strong, double-digit top-line growth. At the same time, we continue to aggressively pursue breakthrough therapies for the millions of patients with structural heart diseases and critical illnesses, which will help patients and result in success at Edwards in the years ahead.”

Among the topics being discussed at today’s conference are:

Transcatheter Aortic Valve Replacement (TAVR) – Edwards continues to believe the global TAVR opportunity will reach $7+ billion by 2024, with continuing growth thereafter, fueled by therapy expansion, technology advances and geographic expansion. Edwards will continue investing in groundbreaking trials, as well as research and development, to produce additional transformational TAVR technologies to help more patients and further strengthen its long-term leadership position. Additional highlights and expected 2021 milestones include:

  • EARLY TAVR, a clinical trial studying the treatment of severe aortic stenosis patients before symptoms develop, expected to complete enrollment
  • FDA approval to begin moderate aortic stenosis pivotal clinical trial
  • Japan low risk approval expected in late 2021
  • SAPIEN 3 pulmonic valve with Alterra pre-stent system expected to receive U.S. approval
  • SAPIEN X4 clinical trial enrollment anticipated to begin

Transcatheter Mitral and Tricuspid Therapies (TMTT) – Edwards is guided by the vision to lead and transform treatment for patients with mitral and tricuspid valve disease, with the goal of changing the practice of medicine. The company strives to achieve this by focusing on three key value drivers: a portfolio of differentiated therapies, positive results from pivotal clinical trials and favorable real-world clinical outcomes. Progress across these areas will result in more patients diagnosed and treated and, in turn, a $3 billion mitral and tricuspid opportunity by 2025, with significant growth beyond 2025. Additional highlights and expected milestones include:

  • Initial clinical experience with the next-generation PASCAL delivery system expected in 2021
  • Initial clinical experience with the next-generation EVOQUE mitral system expected in 2021
  • Continued enrollment in PASCAL CLASP IID, CLASP IIF and CLASP IITR pivotal trials
  • Continued enrollment in the ENCIRCLE pivotal trial for SAPIEN M3
  • TRISCEND study for EVOQUE tricuspid enrolling rapidly; initiating TRISCEND II pivotal trial
  • U.S. approval for PASCAL DMR expected in late 2022
  • EVOQUE tricuspid European approval expected in 2022

Surgical Structural Heart – The current $1.8 billion surgical structural heart opportunity is expected to grow mid-single digits through 2026 driven by global cardiac procedure growth. Edwards remains committed to advancing its leadership position as the partner of choice for surgeons by delivering new technologies that enhance patient outcomes. Adoption of Edwards’ flagship surgical heart valve, INSPIRIS RESILIA, remains robust in the U.S., Japan, and Europe and the company looks forward to its launch in China in 2021. In 2021, the company will also be enrolling patients in the RESTORE pivotal trial for U.S. approval of HARPOON, the echo-guided beating-heart mitral valve repair system. Also in 2021, Edwards expects to launch a new surgical mitral valve, MITRIS RESILIA, in the U.S. and Japan.

Critical Care – Edwards plans to drive growth and leadership with innovations in critical care technologies, including its pioneering work in Smart Recovery, by further advancing hemodynamic monitoring solutions. The company is currently integrating a full range of technologies on the HemoSphere monitoring platform that will create a unique offering of enhanced recovery tools to further strengthen the company’s leadership in smart monitoring. Furthermore, Edwards anticipates the launch of its Viewfinder connectivity solution in 2021.

During the conference, Edwards management will update the company’s financial guidance for 2020 and provide guidance for 2021. In the third quarter, underlying sales grew 3.7% and previously the company expected similar fourth quarter growth. Even with the recent resurgence of COVID, sequential growth is still trending positive compared to the third quarter, but underlying growth is trending flat year-over-year versus the fourth quarter of 2019, when sales grew nearly 20%.

The company is planning that COVID will continue to stress the global healthcare system at least through the winter and recover during the balance of 2021. As the pandemic persists, the company anticipates that hospitals will be better able to treat non-COVID patients who need care for structural heart conditions such as aortic stenosis compared to earlier this year.

 


Fiscal Year 2021 Non-GAAP Guidance
1


Amount

Sales

$4.9 – $5.3 billion


(mid-teens underlying growth)

TAVR

$3.2 – $3.6 billion


(15-20% underlying growth)

Surgical Structural Heart

$800 – $900 million

Critical Care

$725 – $800 million

TMTT

~$80 million

FX Impact on Sales (at current rates)

~$35 million favorable

Gross Profit Margin

76-77%

SG&A and R&D as a % of Sales

Similar to pre-COVID

Operating Margin

29% – 30%

Tax Rate (including ~5pp ETB benefit)

11% – 15%

Adjusted EPS

$2.00 – $2.20

Capital Expenditures

~$350 million

Shares Outstanding

~630 million

 

In addition to Mr. Mussallem, other members of Edwards’ management team presenting include:


Todd Brinton, MD, Corporate Vice President, Chief Scientific Officer;
Daveen Chopra, Corporate Vice President, Surgical Structural Heart;
Jean-Luc Lemercier, Corporate Vice President, EMEA, Canada and Latin America;
Katie Szyman, Corporate Vice President, Critical Care; 
Scott Ullem, Corporate Vice President, Chief Financial Officer;
Huimin Wang, MD, Corporate Vice President, Japan, Asia and Pacific;
Larry Wood, Corporate Vice President, Transcatheter Aortic Valve Replacement; and
Bernard Zovighian, Corporate Vice President, Transcatheter Mitral and Tricuspid Therapies.

We will also have a number of guest speakers to provide clinical perspective, including:

TAVR


Bassem Chehab, MD, FACC, Interventional Cardiology, Ascension Via Christi – Kansas City, Kan.
Suzanne Baron, MD, MSc, Interventional Cardiology, Lahey Hospital – Burlington, Mass.
Martin Leon, MD, FACC, Interventional Cardiology, Columbia University Medical Center – New York

Surgical Structural Heart

Joseph Bavaria, MD, Cardiac Surgery, Penn Medicine – Philadelphia, Pa.

TMTT


Neil Fam, MD, MSc, FRCPC, Interventional Cardiology, St. Michael’s Hospital – Toronto, Canada
Raj Makkar, MD, Interventional Cardiology, Cedars-Sinai Medical Center – Los Angeles, Calif.
Stephan Von Bardeleben, MD, Interventional Cardiology, Univ. Medical Center – Mainz, Germany

Critical Care


Simon Davies, MD, MBChB FRCA, Consultant Anesthetist, York Teaching Hospital – York, England
Michael Sander, MD, PhD, Chair, Dept. of Anesthesiology, University Hospital – Geissen, Germany
Thomas Scheeren, MD, PhD, Professor of Anesthesiology, University Medical Center – Netherlands
Gumersindo Solares, MD, Anesthesiologist, Marques de Valdecilla – Santander, Spain


Webcast Information

The Edwards Lifesciences 2020 virtual investor conference can be accessed via live webcast at http://ir.edwards.com/ beginning at 9:00 a.m. Pacific Time today. The presentations are available on the Edwards website. The webcast will also be available for replay after the conference concludes.


About Edwards Lifesciences

Edwards Lifesciences is the global leader of patient-focused innovations for structural heart disease and critical care monitoring. We are driven by a passion for patients, dedicated to improving and enhancing lives through partnerships with clinicians and stakeholders across the global healthcare landscape.  For more information, visit Edwards.com and follow us on Facebook, Instagram, LinkedIn, Twitter and YouTube.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements can sometimes be identified by the use of words such as “may,” “will,” “should,” “anticipate,” “believe,” “plan,” “project,” “estimate,” “expect,” “intend,” “guidance,” “outlook,” “optimistic,” “aspire,” “unstoppable,” “confident” or other forms of these words or similar expressions and include, but are not limited to, statements made by Mr. Mussallem, the potential opportunity sizes for TAVR and for transcatheter mitral and tricuspid therapies, 2020 and 2021 financial guidance, expected impact of COVID-19, expected benefits of technological developments, expected growth of opportunities in the long-term, expected investment, expected expansion in geographies, timing and results of milestones in R&D and expect timing and enrollment in clinical trials, and expected regulatory approvals, clinical milestones, product introductions and product launches. Forward-looking statements are based on estimates and assumptions made by management of the company and are believed to be reasonable, though they are inherently uncertain and difficult to predict. The company’s forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. If the company does update or correct one or more of these statements, investors and others should not conclude that the company will make additional updates or corrections.

Forward-looking statements involve risks and uncertainties that could cause actual results or experience to differ materially from that expressed or implied by the forward-looking statements. Factors that could cause actual results or experience to differ materially from that expressed or implied by the forward-looking statements include risks and uncertainties associated with the COVID-19 pandemic, the timing and pace of therapy adoption, particularly in TAVR and transcatheter mitral and tricuspid therapies; unpredictability of the effectiveness and timing of new product launches; competitive dynamics; the timing and extent of regulatory approvals and reimbursement levels for the company’s products; the company’s success in developing new products and avoiding manufacturing and quality issues; the impact of currency exchange rates; the timing or results of R&D and clinical trials; unanticipated actions by the U.S. Food and Drug Administration and other regulatory agencies; unexpected litigation impacts or expenses, particularly in our TAVR patent litigation; unpredictability of changes in accounting standards and tax laws; and other risks detailed in the company’s periodic reports filed with the Securities and Exchange Commission. These filings, along with important safety information about our products, may be found at edwards.com.

Edwards, Edwards Lifesciences, the stylized E logo, Alterra, CLASP, Edwards SAPIEN, Edwards SAPIEN 3, ENCIRCLE, EVOQUE, HARPOON, HemoSphere, INSPIRIS, MITRIS, PASCAL, SAPIEN, SAPIEN 3, SAPIEN M3, SAPIEN X4, TRISCEND, and Viewfinder are trademarks of Edwards Lifesciences Corporation. All other trademarks are the property of their respective owners. HARPOON and PASCAL are not available for commercial sale in the United States. EVOQUE, MITRIS, SAPIEN M3, SAPIEN X4, and Viewfinder are not available for commercial sale in any country.

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Guidance for underlying sales growth and adjusted earnings per share are provided on a non-GAAP basis, adjusted for special items described below, due to the inherent difficulty in forecasting such items without unreasonable efforts.  The Company is not able to provide a reconciliation of these non-GAAP guidance to comparable GAAP measures due to the unknown effect, timing and potential significance of special charges or gains, and management’s inability to forecast charges associated with future transactions and initiatives. 

To supplement the consolidated financial results prepared in accordance with Generally Accepted Accounting Principles (“GAAP”), the Company uses non-GAAP financial measures. Management makes adjustments to the GAAP measures for items (both charges and gains) that (a) do not reflect the core operational activities of the Company, (b) are commonly adjusted within the Company’s industry to enhance comparability of the Company’s financial results with those of its peer group, or (c) are inconsistent in amount or frequency between periods (albeit such items are monitored and controlled with equal diligence relative to core operations).

The Company uses the term “underlying growth rate” when referring to non-GAAP sales information as adjusted for items referenced in (a) – (c) above, which in the future may exclude, as applicable, items such as foreign exchange rate fluctuations, the conversion to a consignment inventory system for surgical structural heart (“Surgical”), the positive impact of transcatheter aortic valve replacement stocking sales in Germany and the negative impact of de-stocking, sales return reserves associated with product upgrades, and proforma sales results of business acquisitions. The Company uses the term “adjusted earnings per share” which may in the future also exclude intellectual property litigation income and expenses, amortization of intangible assets, fair value adjustments to contingent consideration liabilities arising from acquisitions, impairments of long-lived assets, the purchase of intellectual property, significant pension curtailments, realignment expenses, charitable contributions to the Edwards Lifesciences Foundation and the impact from implementation of tax law changes and settlements.

“Free cash flow” is defined as cash flows from operating activities less capital expenditures.

 

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SOURCE Edwards Lifesciences Corporation

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Kulicke & Soffa Raises Quarterly Dividend by 16.7%

Quarterly Dividend Increases to $0.14

PR Newswire

Singapore, Dec. 10, 2020 /PRNewswire/ — Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), announced today that its Board of Directors has declared and authorized an increased quarterly dividend of $0.14 per share of common stock, representing a 16.7% increase. The dividend payment will be made on January 11, 2021 to holders of record as of December 24, 2020.

“We remain committed to creating meaningful and sustainable value through efficient market expansion initiatives, such as our recent entry into advanced display, and also by supporting fundamental technology transitions within the automotive and semiconductor markets,” stated Fusen Chen, President and CEO. “Our track record of shareholder returns, and this dividend increase, highlight our ongoing commitment to deliver value on a per share basis.”

Over the past five fiscal years, K&S has returned $349.6 million of capital to investors through the repurchase and dividend programs. The Company maintains its long-term capital allocation target of returning at least 50% of free cash flows to shareholders in the form of share repurchases and dividends.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement – creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa’s expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future (www.kns.com).

Contacts:

Kulicke & Soffa

Marilyn Sim

Public Relations
P: +65-6880-9309
F: +65-6880-9580
[email protected]

Kulicke & Soffa  

Joseph Elgindy

Investor Relations
P: +1-215-784-7500
F: +1-215-784-6180
[email protected]

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SOURCE Kulicke & Soffa Industries, Inc.

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Flex Environmental Stewardship Performance Earns Prestigious CDP ‘A’ Score for Global Water Security

Flex Environmental Stewardship Performance Earns Prestigious CDP ‘A’ Score for Global Water Security

SAN JOSE, Calif.–(BUSINESS WIRE)–
Flex (NASDAQ: FLEX) today announced that it has been recognized for corporate sustainability leadership by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling water security. The A score from CDP is a historic first for the company, affirming Flex’s strong commitment to environmental stewardship as part of its long-term sustainability strategy and efforts.

“As part of our company’s mission, we steward sustainable manufacturing and operations practices to minimize our environmental impact. This applies to responsibly using and safeguarding natural resources such as water and consistently measuring and sharing our progress,” said Kyra Whitten, vice president, Marketing, Communications & Sustainability at Flex. “We are deeply proud to have been included in CDP’s A List for the first time and energized to continue advancing our sustainability journey as we look to set new, long-term targets in early 2021.”

Environmental stewardship is one of the key focus areas of Flex’s sustainability strategy. Across its operations, the company drives programs to help manage and incrementally improve CO2 emissions, renewable energy and waste management, among other areas, helping to combat climate change and build a better future.

Paul Simpson, CEO of CDP, said: “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”

Flex is one of a small number of high-performing companies out of 5,800+ that were scored this year. Through significant demonstrable action to protect water resources, Flex is leading on corporate environmental ambition, action and transparency globally.

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.

The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.For more information, visit flex.com.

About CDP

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.

Media & Press

Jessica Anderson

Senior Manager, Corporate Communications

(408) 577-4789

[email protected]

Investors & Analysts

David Rubin

Vice President, Investor Relations

(408) 577-4632

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Alternative Energy Energy Utilities Environment

MEDIA:

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Basware Receives 2020 Supply & Demand Chain Executive Green Supply Chain Award

Basware Receives 2020 Supply & Demand Chain Executive Green Supply Chain Award

ESPOO, Finland–(BUSINESS WIRE)–Supply & Demand Chain Executive (SDCE), the only magazine in the supply chain industry covering the entire global supply chain, has selected Basware (Nasdaq: BAS1V) as a recipient of the SDCE Green Supply Chain Award for 2020.

“Basware is committed to playing a part in helping protect our environment now and for our future generations,” states Klaus Andersen, CEO, Basware. ”With regards to the supply chain, the environmental impact of invoicing is often overlooked, which is why we are honored to win this award and shine a spotlight on how automation via electronic purchase-to-pay (P2P) services can truly make a green impact. We have also recently introduced technology to help our customers adopt and track sustainability practices as we feel that it’s important to make green actions a part of customers’ routines and not an extra step.”

According to a Basware scoping study published in 2018, switching from paper-based systems to Basware electronic invoicing services results in an estimated 36% reduction in emissions. The more automated that customers’ processes are, the less paper that is required to support their business. By getting rid of an over-reliance of paper, customers reduce their contribution to CO2 emissions, while also reaping the benefits of cost savings, efficiency, a more organized AP department, less errors and overall operational improvement. Plus, Basware recently introduced the carbon footprint index dashboard, which allows customers to view their CO2 emissions per invoice and benchmark the index against peer companies.

The Green Supply Chain Award recognizes companies making green or sustainability a core part of their supply chain strategy and are working to achieve measurable sustainability goals within their own operations and supply chains. The award also recognizes providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals.

“This year’s 13th-annual award recognizes small, mid-size and large enterprises that leveraged green practices and solutions to further drive sustainable improvements in their supply chain,” says Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics. “From software solutions to transportation management systems to several other initiatives designed to reduce carbon footprint and improve the re-use of materials, sustainability continues to rank as a key component to a stronger, safer and more efficient supply chain.”

To learn more, read the Introducing the Invoice Carbon Footprint Index Dashboardblog.

About Basware:

Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% supplier connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world. A global company, Basware has offices in 14 countries and is traded on the Helsinki exchange (BAS1V: HE).

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints, and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us on the web at www.SDCExec.com.

Jeanne Bernish

[email protected]

KEYWORDS: North Carolina Europe Finland United States North America

INDUSTRY KEYWORDS: Data Management Supply Chain Management Banking Accounting Technology Professional Services Philanthropy Other Philanthropy Retail Software Environment

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Trex Commercial Products Captures Top Industry Awards

Architectural railing leader honored for product innovation and engineering excellence

MINNEAPOLIS, Dec. 10, 2020 (GLOBE NEWSWIRE) —

Trex C
ommercial Products
, a leading national provider of architectural railing systems, is ending its 30th anniversary year on a high note. The company’s Ascent® Glass Windscreen has been named one of the most creative and innovative products of the year by the prestigious jury of the 2020 Architecture MasterPrize™ (AMP) Awards. This honor is the latest in a series of industry accolades presented to Trex Commercial Products, including awards from Architectural Products, Buildings Magazine and FacilitiesNet, along with a coveted spot on The Fabricator’s 2020 Fab40 list as one of the industry’s most influential metal fabricators.

“It is tremendously rewarding to have our work recognized and appreciated, especially by knowledgeable and discriminating industry insiders,” said Laura Rygielski Preston, president of Trex Commercial Products. “The numerous awards we have received this year have been especially meaningful because they reflect the opinions of architects, facility managers and specifiers who rely on our products and services to deliver superior performance and aesthetics for their projects.”


Ascent Windscreen Rises to the Top


Since its introduction, Ascent has captured the attention of the commercial building arena for its original design and industry-exceeding performance. Ideal for rooftops, balconies and more, the glass windscreen system elevates any outdoor environment – from hospitality and high-rise applications to healthcare and educational settings – providing style and safety with unparalleled wind protection and unobstructed views.

After being lauded the “Best Product System of 2019” by Glass Magazine, Ascent added three new honors to its growing list of accolades in 2020, including:

  • Architecture MasterPrize: Selected from more than 1,500 entries from around the globe, Ascent earned recognition as one of the best products of the year by this highly-respected program, which celebrates creativity and innovation in the fields of architecture and design. The full list of winners can be found on the AMP website.
  • Architectural Products’ Product Innovation Award: This decade-long program hosted by Architectural Products magazine highlights outstanding new products in the building and design industry. This year, Ascent was honored for its design versatility and functionality. It is featured with other award winners in the magazine’s Nov./Dec. issue.
  • Vision 2020 Award: Presented by FacilitiesNet, the Vision Awards showcase best-in-class products as identified by more than 200,000 facility executives across the country. Ascent received a Vision 2020 Award in the Exterior category for its structural innovation and ability to both literally and figuratively elevate windscreen applications on commercial buildings. Winners are profiled in the December issue of Building Operating Management magazine.


Equinox Railing Recognized for Inventive Customizable Design


Trex Commercial Products also earned recognition this year from Buildings magazine for its Equinox® Railing. Recently re-engineered to offer greater customization options, the stainless steel and glass railing system won a Merit Award in the Materials category of the magazine’s Innovative Products Awards. This annual program spotlights manufacturers of building products that support end users in commercial and institutional settings, including education, healthcare, hospitality and more.

Equinox Railing amplifies the best features of glass railing with an assembly that features zero visible fasteners. The system is offered with a choice of stainless steel round, square or rectangle posts. Optional components such as a fixed or pivoting saddle top rail, or post-mounted steel handrail, are also available. Further distinguishing Equinox are its unique stainless steel rod-and-disc assemblies, which attach through the glass panels. The result gives the illusion of a solid system but with the flexibility of individual component selection.

This award-winning product was featured in the Sept./Oct. issue of Buildings magazine and the Oct. issue of Interiors + Sources magazine.

“We are extremely proud and appreciative of these successes,” added Rygielski Preston. “For 30 years, we have built our strong reputation by delivering best-in-class engineering and solutions. These accolades reinforce that commitment and the profile of Trex Commercial Products as an industry leader in the commercial building, architecture and design space.”

For more information about Trex Commercial Products, visit www.trexcommercial.com.


About Trex Commercial Products


Trex Commercial Products, based in Minneapolis, Minn., is a national leader in architectural railings for commercial applications. The company engineers and markets pre-engineered railing systems, aluminum systems and custom railing solutions. Trex Commercial Products has built an industry-leading reputation for quality and dedication to customer service since 1990 and is a division of Trex Company, Inc. [NYSE: TREX]. To learn more about Trex Commercial Products, visit www.trexcommercial.com.


About Trex Company, Inc.


Trex Company, Inc. [NYSE: TREX] is the world’s largest manufacturer of high performance wood-alternative decking and railing, with more than 25 years of product experience. The #1 brand in outdoor living is proud to be named one of the 2020 100 Fastest-Growing Companies by Fortune magazine. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. For more information, visit trex.com. You also can follow Trex on Twitter (@Trex_Company), Instagram (@trexcompany), Pinterest (trexcompany) or Houzz (trexcompany-inc), “like” Trex on Facebook (@TrexCompany) or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

Contact: Sara Tatay or Claire Vartabedian
L.C. Williams & Associates
800/837-7123 or 312/565-3900
[email protected] or [email protected]

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/419e30e4-52a7-487d-94f5-5cd5eb8964a0



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DemandStar Closes 2020 With Record Growth and $3.5B in Contract Value Amidst Pandemic

100 Government Agencies, More Than 20,000 Businesses Join DemandStar’s Virtual Marketplace as Procurement Industry Evolves in Response to COVID-19

SEATTLE, Dec. 10, 2020 (GLOBE NEWSWIRE) — DemandStar, the leading network and virtual marketplace for connecting businesses of all sizes to public sector opportunities, announced today the company’s year-end growth with 100 new government entities and 20,365 new businesses joining DemandStar in 2020.

DemandStar now has over 100,000 active businesses and nearly 600 governments, making it the fastest-growing virtual marketplace serving state and local governments.

During this historical year of a global pandemic, government agencies had an even greater need for goods and services at a moment’s notice, and they have searched for the best way to move billions of dollars in contract value online. By joining DemandStar, government agencies and businesses have been able to transition business online and find one another safely to create lasting business relationships that result in community growth. These partnerships resulted in tens of thousands of contracts valuing more than $3.5 billion.

“Shutdowns due to COVID-19 have changed the way businesses operate worldwide. We are grateful to be able to help these businesses navigate this new economy by giving them immediate, direct access online to local governments that need help,” said Ben Vaught, CEO of DemandStar. “DemandStar’s online marketplace makes complicated government processes simple, through a modern, seamless service that brings this essential market online. We are committed to helping local communities grow one bid at a time.”

In June, DemandStar secured a $2 million seed round with investments led by Version One Ventures with participation from Advance Venture Partners, and Forefront Venture Partners. Due to work-from-home orders, the deal was closed entirely through virtual communications.

Also in June, DemandStar announced the launch of its new upgraded platform that allows for an even more streamlined experience. The new platform resulted from interviewing hundreds of government buyers and businesses. Key upgrades include custom matching algorithms, tracking dashboards, research tools, audit trials, and free electronic purchasing.

Now more than ever, online procurement continues to rapidly grow as an emerging marketplace. New government entities to DemandStar are seeing an uptick of three to five times more bids and saving 10-15 percent on deals as compared to current outdated processes.

Government partners and businesses looking to join DemandStar’s e-bidding procurement marketplace can learn more at https://network.demandstar.com/.

ABOUT DEMANDSTAR

DemandStar builds communities by connecting government entities quickly and efficiently with quality suppliers of all sizes. Founded in 1998, they pioneered the online marketplace concept for bidding on government contracts and now serves as the gateway for B2B partnerships between governments and suppliers both locally and nationally throughout the United States. For more information or for government entities and suppliers interested in joining DemandStar’s network, please visit www.demandstar.com or call (206) 940-0305.

Contact: Jamie Andersen
Phone: (949) 502-6200
Email: [email protected]