Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against K12 Inc. (LRN)

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against K12 Inc. (LRN)

Shareholders with $100,000 losses or more are encouraged to contact the firm

BENSALEM, Pa.–(BUSINESS WIRE)–
Law Offices of Howard G. Smith reminds investors of the upcoming January 19, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased K12 Inc. (“K12” or the “Company”) (NYSE: LRN) securities between April 27, 2020 and September 18, 2020,inclusive (the “Class Period”).

Investors suffering losses on their K12 investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On August 26, 2020, reports surfaced that K12’s training for teachers on its online education platform in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and “unacceptable.”

On this news, the Company’s stock price fell $5.87, or 13.5%, over the course of two trading days to close at $37.70 on August 27, 2020.

On August 31, 2020, when classes in Miami-Dade started, K12’s platform experienced major technical issues, disruptions, and a series of cyberattacks. During a district Board meeting to discuss the problems with K12’s platform, the district’s superintendent revealed that the district had never executed its $15.3 million contract with K12.

On this news, the price of K12 shares fell by $3.96, or 10.2%, over the course of two trading days, to close at $34.89 on September 3, 2020.

A week later, facing overwhelming complaints from parents and teachers about K12’s platform and curriculum, the Miami-Dade County Public Schools Board voted to terminate its contract with K12.

On this news, the Company’s stock price fell by $3.21, or 9.5%, to close at $30.55 on September 10, 2020.

On September 17, 2020, due to the lack of confidence in K12’s ability to provide educational solutions for the district, the Beaufort County School Board also voted to terminate its contract with K12.

On this news, the Company’s stock price fell $1.09, or 3.9%, to close at $27.21 on September 18, 2020.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired K12 securities during the Class Period, you may move the Court no later than January 19, 2021 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

[email protected]

www.howardsmithlaw.com

KEYWORDS: California Pennsylvania United States North America

INDUSTRY KEYWORDS: Legal Professional Services

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IMDb Announces Top 10 TV Series of 2020

IMDb Announces Top 10 TV Series of 2020

The Boys is the IMDb Top Scripted TV Show of 2020; Tiger King: Murder, Mayhem and Madness and Too Hot to Handle are the Fan Favorites in the First-Ever IMDb Lists of Docuseries and Reality TV Series

Rankings Determined by IMDbPro Data on the Actual Page Views of the Hundreds of Millions of IMDb Customers Worldwide

SEATTLE–(BUSINESS WIRE)–
IMDb (www.imdb.com), the world’s most popular and authoritative source for movie, TV and celebrity content, today unveiled the Top 10 TV Shows of 2020 and, for the first time ever, the Top 10 Docuseries and Top 10 Reality and Competition TV Series. Rather than base its annual rankings on small statistical samplings or reviews from professional critics, IMDb determines its list of most popular shows from the IMDbPro proprietary rankings of shows based on the actual page views of the more than 200 million monthly visitors to IMDb.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201208005088/en/

IMDb Top 10 TV Shows of 2020 (Photo courtesy of IMDb)

IMDb Top 10 TV Shows of 2020 (Photo courtesy of IMDb)

IMDb Top 10 TV Shows of 2020*

  1. The Boys
  2. Money Heist (La Casa de Papel)
  3. Dark
  4. Ozark
  5. The Mandalorian
  6. The Queen’s Gambit
  7. The Umbrella Academy
  8. Westworld
  9. The Witcher
  10. The Crown

* The 10 TV shows which consistently charted highest on the proprietary weekly TV rankings on IMDbPro throughout 2020. IMDbPro rankings are based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. IMDb users can add these and other titles to their IMDb Watchlist at https://www.imdb.com/watchlist.

IMDb Top 10 Docuseries of 2020*

  1. Tiger King: Murder, Mayhem and Madness
  2. The Last Dance
  3. Don’t F**k with Cats: Hunting an Internet Killer
  4. The Vow
  5. Jeffrey Epstein: Filthy Rich
  6. I’ll Be Gone in the Dark
  7. Down to Earth with Zac Efron
  8. McMillions
  9. Pandemic: How to Prevent an Outbreak
  10. The Trials of Gabriel Fernandez

*The 10 docuseries which consistently charted highest on the proprietary weekly TV rankings on IMDbPro throughout 2020. IMDbPro rankings are based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. IMDb users can add these and other titles to their IMDb Watchlist at https://www.imdb.com/watchlist.

IMDb Top 10 Reality and Competition Series of 2020

  1. Too Hot to Handle
  2. Selling Sunset
  3. Love Is Blind
  4. The Great British Bake Off (The Great British Baking Show)
  5. Keeping Up with the Kardashians
  6. The Masked Singer
  7. Top Gear
  8. Survivor
  9. RuPaul’s Drag Race
  10. The Real Housewives of Beverly Hills

*The 10 reality and competition series which consistently charted highest on the proprietary weekly TV rankings on IMDbPro throughout 2020. IMDbPro rankings are based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. IMDb users can add these and other titles to their IMDb Watchlist at https://www.imdb.com/watchlist.

“Though reality TV was in its infancy when IMDb was founded 30 years ago, it’s grown enormously in terms of the diversity, scale and, in many cases, prestige of its offerings,” said Brian Carver, Head of Content and Licensing for IMDb. “We are pleased to expand our annual lists to include for the first time ever, the reality-based shows that had many of us hooked this year. We thank our worldwide community of entertainment professionals, individual contributors and other trusted sources for submitting key details of these and other reality shows so fans can learn more and make informed decisions about what to watch.”

“2020 proved to be a standout year for TV and streaming series, with an eclectic assortment of true breakout shows, turning many of these programs — including The Boys, The Queen’s Gambit, Tiger King, The Last Dance and Too Hot to Handle — into cultural moments and sending fans and professionals straight to IMDb to learn more about the stars and creators,” said Keith Simanton, Managing Editor for IMDbPro. “It’s also notable that many of the top reality programs have had exceptionally long runs, including an incredible 40 cycles of Survivor and 12 seasons of RuPaul’s Drag Race. We celebrate these shows for their ongoing creativity and longevity, keeping fans coming back for more, year after year.”

The IMDb Best of 2020 section features a variety of additional year-end Top 10 lists as well as retrospective photo galleries, trailers, original videos (including an upcoming In Memoriam video) and other year-end coverage. To visit the IMDb Best of 2020 section, go to: https://www.imdb.com/best-of.

Also available today, IMDb has released a special episode of the Movies That Changed My Life podcast, featuring IMDb Founder and CEO Col Needham. Host Ian de Borja and Needham review the top films and TV series they enjoyed throughout the year. Movies That Changed My Life is available wherever podcasts are found, including Amazon Music, Spotify, Apple Podcasts, Google Podcasts, www.IMDb.com/podcasts and through IMDb’s iOS and Android apps.

Additional insight into trending movies, TV shows and celebrities, with rankings updated weekly, is available to IMDbPro members throughout the year on both the site (http://www.imdbpro.com) and apps for iPhone, iPad and Android. IMDbPro includes comprehensive information and tools designed to help entertainment industry professionals achieve success throughout all stages of their career. IMDbPro offers members the following: detailed contact and representation information; more than 25,000 in-development film and TV titles not available on IMDb; tools to manage and showcase their IMDb profile, including selecting their primary images and the credits they are best “known for”; IMDbPro Track, with which members can receive personalized entertainment industry news and updates on the people and film and TV projects they want to follow; and a convenient tool that generates custom digital assets to promote their work on social media and other platforms. The recently launched IMDbPro Discover tool, now available in beta mode to all members for free on a limited-time basis, empowers members to find people based on a variety of key IMDb data including experience and expertise. The Discover tool is ideal for casting directors looking to cast a project as well as producers, directors, showrunners, department heads and others hiring a team or building lists of people. It also includes advanced features to customize, export and share lists. To become a member today, visit www.imdbpro.com.

About IMDb

IMDb is the world’s most popular and authoritative source for information on movies, TV shows and celebrities. Products and services to help fans decide what to watch and where to watch it include: the IMDb website for desktop and mobile devices; apps for iOS and Android; and X-Ray on Prime Video. IMDb also offers a free streaming channel, IMDb TV, and produces IMDb original video series and podcasts. For entertainment industry professionals, IMDb provides IMDbPro and Box Office Mojo. IMDb licenses information from its vast and authoritative database to third-party businesses worldwide; learn more at developer.imdb.com. IMDb is an Amazon company. For more information, visit imdb.com/press and follow @IMDb.

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Other Entertainment TV and Radio General Entertainment Entertainment

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IMDb Top 10 TV Shows of 2020 (Photo courtesy of IMDb)

Keysight’s 5G Test Solutions Selected byAltiostar to Accelerate Deployment of Virtualized Radio Access Network Infrastructure

Keysight’s 5G Test Solutions Selected byAltiostar to Accelerate Deployment of Virtualized Radio Access Network Infrastructure

Open vRAN software provider uses Keysight solutions to create an end-to-end test environment

SANTA ROSA, Calif.–(BUSINESS WIRE)–
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, announced that Altiostar has selected the company’s 5G test solutions to accelerate development and deployment of an open virtualized radio access network (open vRAN) infrastructure critical in the delivery of a wide-range of 5G use cases.

Altiostar selected Keysight’s comprehensive suite of 5G test solutions, including 5G multi-band vector transceivers, channel emulators, user equipment (UE) emulators and O-RU (O-RAN radio unit) emulators to verify interoperability between vRAN components and conformance to specifications published by the O-RAN Alliance. A multi-vendor open RAN ecosystem, consisting of suppliers of radio and baseband hardware, as well as disaggregated virtualized and cloud-native RAN and 5G core (5GC) software components, leverages Altiostar’s open vRAN software to deliver innovative solutions that support automated and cost-effective mobile networks.

“Keysight’s end-to-end 5G test solutions enable us to validate the interoperability and performance of our open vRAN solution, which empowers mobile operators to automate operations and provide new, revenue generating services,” said Srinivas Gudladana, head of India operations at Altiostar.

End-to-end performance verification of 5G NR, vRAN and MIMO technology under various network conditions enables Altiostar to establish reliable metrics critical in creating a successful multi-vendor environment. Altiostar uses:

  • Keysight’s 5G Multi-Band Vector Transceiver, a PXI-based compact solution, to validate the transmitter and receiver performance of 5G new radio (NR) base stations and its sub-assemblies, in accordance with specifications set by the standards organization 3GPP.
  • Keysight’s PROPSIM channel emulators creates a dual over-the-air (OTA) test environment with two multi-probe anechoic chambers (MPACs) and a real 5G base station.
  • Keysight’s UeSIM (a user equipment emulation (UEE) solution platform), RuSIM and Open RAN Studio for validating the performance of O-RAN infrastructure under real-world scenarios across the full protocol stack.

“We are pleased to support Altiostar with an integrated test portfolio that automates verification of vRAN technology in compliance to 3GPP specifications and beyond,” said Kalyan Sundhar, general manager for Keysight’s edge-to-core group. “Keysight is committed to supporting macro and small cells infrastructure providers by investing early in Open RAN technology and contributing to the O-RAN Alliance as editor of the front-haul specifications.”

About Altiostar

Altiostar provides 4G and 5G open virtualized RAN (Open vRAN) software that supports open interfaces and virtualizes the radio access baseband functions to build a disaggregated multi-vendor, web-scale, cloud-based mobile network. Operators can add intelligence, quickly adapt the network for different services and automate operations to rapidly scale the network and reduce Total Cost of Ownership (TCO). Altiostar collaborates with a growing ecosystem of partners to support a diverse Open RAN supply chain. The Altiostar Open vRAN solution has been deployed globally, including the world’s first cloud-native commercial-scale mobile network with Rakuten Mobile in Japan. For more information, visit www.altiostar.com.

About Keysight Technologies

Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world. Keysight’s solutions optimize networks and bring electronic products to market faster and at a lower cost with offerings from design simulation, to prototype validation, to manufacturing test, to optimization in networks and cloud environments. Customers span the worldwide communications ecosystem, aerospace and defense, automotive, energy, semiconductor and general electronics end markets. Keysight generated revenues of $4.2B in fiscal year 2020. More information is available at www.keysight.com.

Additional information about Keysight Technologies is available in the newsroom at https://www.keysight.com/go/news and on Facebook, LinkedIn, Twitter and YouTube.

ALTIOSTAR CONTACTS:

Jason King, Director of Marketing

+1 855 709 0701

[email protected]

KEYSIGHT TECHNOLOGIES CONTACTS:

Geri Lynne LaCombe, Americas/Europe

+1 303 662 4748

[email protected]

Fusako Dohi, Asia

+81 42 660-2162

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Telecommunications Software Networks Internet

MEDIA:

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Dassault Systèmes Unveils “Water for Life” to Enable Industry to Consume Smarter and Protect the World’s Most Precious Resource

Dassault Systèmes Unveils “Water for Life” to Enable Industry to Consume Smarter and Protect the World’s Most Precious Resource

  • Next act in “The Only Progress is Human” communications campaign to increase awareness of societal and environmental challenges aims to support the UN SDGs by driving industry’s use of virtual worlds to stem the impacts of consumption on water
  • Dassault Systèmes will help companies measure and optimize their water footprint, support the idea of water handprint by accelerating open innovation with the 3DEXPERIENCE Lab, and nurture educational programs
  • Customers aiming to become more sustainable must evaluate and simulate water usage in the product lifecycle

VELIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–Dassault Systèmes (Euronext Paris: #13065, DSY.PA) (Paris:DSY) today unveiled “Water for Life,” the next act in its “The Only Progress is Human” campaign to increase awareness of societal and environmental challenges and inspire the use of virtual worlds to drive sustainable innovations. “Water for Life” combines the themes of water and consumption to explore the challenge of how industry can consume smarter and protect the world’s most precious resource, which is threatened by overconsumption. The campaign is part of the company’s commitment to support the United Nations Sustainable Development Goals, and in particular SDG 6 to “ensure availability and sustainable management of water and sanitation for all.”

Through “Water for Life,” Dassault Systèmes will help its customers address this challenge from three angles: measure and optimize, innovate and create, and educate. First, it will drive the 3DEXPERIENCE platform as an accelerator for measuring and optimizing the water footprint of businesses by providing customers with integrated industry solutions that deliver data on the water consumption associated with the experience they are creating and the impacts of various design options. In the future, AI-generated recommendations will guide them toward the creation of new and more sustainable products, services and experiences.

Dassault Systèmes will also support the idea of a water handprint through its 3DEXPERIENCE Lab. This will be achieved by using collective intelligence to accelerate disruptive innovations such as EEL Energy that transform processes in industries needing to reduce their water consumption, as well as by reinforcing this engagement with a partnership of incubators worldwide such as OceanHub Africa.

Lastly, it will nurture educational programs that aim to increase awareness of major water-related issues and inspire future generations to conserve this key resource, such as the Mission Ocean project in France that is supported by La Fondation Dassault Systèmes.

“The world is recognizing the urgency of preserving water and moving toward a new era of responsibility and sustainability. Industry has its role to play in this ‘UN Decade to Deliver,’” said Bernard Charlès, Vice Chairman and CEO, Dassault Systèmes. “Virtual universes are a key enabler for our customers to imagine, design, and test the radically new products, materials and manufacturing processes needed in tomorrow’s more sustainable economy. Through new industry solutions, we can become the world’s number one partner for a more sustainable industry renaissance that meets Paris Agreement goals.”

Water is vital to life, yet overconsumption of water to produce the goods and services the world uses every day jeopardizes its availability. Already, more than 40% of the world’s population is affected by water scarcity. In line with its Sustainable Development Goals, the UN declared a Water Action Decade from 2018-2028 focused on the sustainable development and integrated management of water. “Water for Life” aligns with this movement as well as the company’s recent commitment to the Science Based Targets initiative, and its role as Official Supporter of the TCFD (Taskforce for Climate-related Financial Disclosures).

“Water for Life” was officially launched in a video featuring Bernard Charlès alongside the professional explorer and adventurer Mike Horn, who share the same passion for water conservation.

“As a professional explorer, I witnessed firsthand how human activities directly impacted the state of our Earth. It is crucial for humans to take care of it, and more importantly in preserving water, our most precious resource,” said Mike Horn. “I am happy that not only the UN, NGOs and politicians meet this goal but also that industrial leaders like Bernard Charlès, CEO of Dassault Systèmes stress the importance of this key topic.”

Launched in February 2020, “The Only Progress is Human” is a communications campaign that aims to increase awareness of today’s societal and environmental challenges, and inspire people to use the virtual world to gain deeper insights into these challenges and drive sustainable innovations for a better future. The initiative is engaging the public through a series of “10 Acts” that illustrate how virtual twin experiences can be used to create human-centric and real-world experiences that address each Act’s challenge. The first Act focused on the challenge, “How can virtual worlds change the way we experience emotions?” through a unique musical and visual experience called “Virtual Harmony” that featured the 3Dvarius, the first 3D-printed electric violin, which was designed using Dassault Systèmes’ solutions.

Social media:

Share this on Twitter: .@Dassault3DS unveils “Water for Life” to enable industry to consume smarter and protect the world’s most precious resource #3DEXPERIENCE #progressishuman

Connect with Dassault Systèmes on TwitterFacebookLinkedInYouTube

For more information:

The Only Progress is Human: https://progress-is-human.3ds.com/

Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

###

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual experience twins of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production. Dassault Systèmes brings value to more than 270,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com

3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, EXALEAD, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA, and IFWE are commercial trademarks or registered trademarks of Dassault Systèmes, a French “société européenne” (Versailles Commercial Register # B 322 306 440), or its subsidiaries in the United States and/or other countries.

Dassault Systèmes Press Contacts

Corporate / France

Arnaud MALHERBE

[email protected]

+33 (0)1 61 62 87 73

North America

Suzanne MORAN

[email protected]

+1 (781) 810 3774

EMEAR

Virginie BLINDENBERG

[email protected]

+33 (0) 1 61 62 84 21

China

Grace MU

[email protected]

+86 10 6536 2288

India

Santanu BHATTACHARYA

[email protected]

+91 124 457 7111

Japan

Yukiko SATO

[email protected]

+81 3 4321 3841

Korea

Jeemin JEONG

[email protected]

+82 2 3271 6653

AP South

Pallavi MISRA

[email protected]

+65 90221874

KEYWORDS: Europe Africa France

INDUSTRY KEYWORDS: Environment Technology Other Technology Software Philanthropy Other Natural Resources Electronic Design Automation Data Management Other Philanthropy Natural Resources

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New Assistive Technology Restores Independence to Those Living with Neuromuscular Weakness

New Assistive Technology Restores Independence to Those Living with Neuromuscular Weakness

Everyday activities are now possible for people with Muscular Dystrophy, Multiple Sclerosis and Spinal Cord Injury

MINNEAPOLIS–(BUSINESS WIRE)–
More than a million people in the U.S. rely on others to complete simple tasks such as brushing teeth, eating, and opening doors, because of neuromuscular disorders caused by Muscular Dystrophy, Multiple Sclerosis, Spinal Cord Injury, and other conditions. Now many of these people will be able to perform these everyday activities themselves with the use of a new assistive technology product, the Abilitech™ Assist, designed to help people live more independently.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201208005801/en/

More than a million people in the U.S. rely on others to complete simple tasks such as brushing teeth, eating, and opening doors, because of neuromuscular disorders caused by Muscular Dystrophy, Multiple Sclerosis, Spinal Cord Injury, and other conditions. Now many of these people will be able to perform these everyday activities themselves with the use of a new assistive technology product, the Abilitech™ Assist, designed to help people live more independently. The Assist facilitates independent control of the arms by supporting and assisting both the shoulder and elbow for people with minimal strength. Software customizes the spring tension to lift objects such as a fork, phone, or water bottle, supporting items that weigh up to 12 ounces. (Photo: Business Wire)

More than a million people in the U.S. rely on others to complete simple tasks such as brushing teeth, eating, and opening doors, because of neuromuscular disorders caused by Muscular Dystrophy, Multiple Sclerosis, Spinal Cord Injury, and other conditions. Now many of these people will be able to perform these everyday activities themselves with the use of a new assistive technology product, the Abilitech™ Assist, designed to help people live more independently. The Assist facilitates independent control of the arms by supporting and assisting both the shoulder and elbow for people with minimal strength. Software customizes the spring tension to lift objects such as a fork, phone, or water bottle, supporting items that weigh up to 12 ounces. (Photo: Business Wire)

Medical device company Abilitech™ Medical is launching the Assist, which facilitates independent control of the arms by supporting and assisting both the shoulder and elbow for people with minimal strength. Software customizes the spring tension to lift objects such as a fork, phone, or water bottle, supporting items that weigh up to 12 ounces.

Those living with the limitations of upper-arm weakness and their caregivers can visit the Abilitech Medical website to schedule a confidential assessment to learn if the device can increase their independence and be referred to an Abilitech-trained clinic for a device fitting.

Abilitech assistive devices are designed to bring life-changing benefits to people with arm weakness:

  • Physical independence – Increases independence by assisting with activities such as eating, drinking, and using a computer.
  • Social independence – Increases the ability to more fully engage with others and participate in social events.
  • Economic benefits – May help decrease the reliance on caregivers and avoid or delay the need for a skilled nursing home — both services can be extremely expensive and are challenged by shrinking employee pools. Personal care assistants cost an average of $28,000 per year and assisted living costs can be up to $250,000 per year. In some cases, people using the Assist may even be able to return to work or stay in the workforce longer.

The Assist is the first in Abilitech’s future suite of products, which includes a powered handgrip device and a fully robotic voice-controlled arm-hand combination assistive device.

“We’ve worked with leading clinicians across the U.S.,” said Angie Conley, who founded Abilitech Medical in 2016 after time at Medtronic. “Equally as important, every week we work with people, their clinicians, and caregivers to get user feedback. This includes input from an engineer on our team who lives with a spinal cord injury.” Direct patient experience has led to optimal comfort, style, and weight of the device.

Abilitech is conducting clinical trials for the Assist at the University of Minnesota and Gillette Children’s Specialty Healthcare. Other organizations partnering with Abilitech to bring the product to market include Houston Methodist, Texas Children’s Hospital, HealthPartners, and Allina Health Courage Kenny Rehabilitation Institute.

“We’ve accumulated so many compelling stories that illustrate the patient need,” said Conley, who cites Dr. Hanry Samir, a cardiac anesthesiologist and critical care intensivist who lost his ability to work and perform simple functions after a stroke. Dr. Samir shared important feedback for the device.

“My dream is to be able to use my arm again, make things easier for my wife, and go back to the profession I love and live for,” said Samir.

About Abilitech Medical

Abilitech Medical brings innovative solutions to market that allow people living with upper-limb neuromuscular conditions that prevent their arms to function independently. The company’s first product, the Abilitech Assist, is a one-of-a-kind powered orthotic device that provides functional assistance and support to both the elbow and the shoulder, and will improve the lives of people in the U.S. affected by neuromuscular weakness.

Beth LaBreche

[email protected]

612-578-2834

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Nursing Medical Devices Women Men Other Health Family Biotechnology Managed Care Consumer Health

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More than a million people in the U.S. rely on others to complete simple tasks such as brushing teeth, eating, and opening doors, because of neuromuscular disorders caused by Muscular Dystrophy, Multiple Sclerosis, Spinal Cord Injury, and other conditions. Now many of these people will be able to perform these everyday activities themselves with the use of a new assistive technology product, the Abilitech™ Assist, designed to help people live more independently. The Assist facilitates independent control of the arms by supporting and assisting both the shoulder and elbow for people with minimal strength. Software customizes the spring tension to lift objects such as a fork, phone, or water bottle, supporting items that weigh up to 12 ounces. (Photo: Business Wire)
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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Splunk Inc. (SPLK) Investors

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Splunk Inc. (SPLK) Investors

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Splunk Inc. (“Splunk” or the “Company”) (NASDAQ: SPLK) common stock between October 21, 2020 and December 2, 2020, inclusive (the “Class Period”). Splunk investors have until February 2, 2021 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On December 2, 2020, after the market closed, Splunk announced its third quarter 2021 financial results in a press release. Therein, the Company reported total revenue of $559 million, down 11% year-over-year. The Company also announced quarterly non-GAAP earnings per share of -$0.07, missing estimates by 15 cents. Also, analysts at JPMorgan were “blindsided by the magnitude of too many large deals slipping in the final days of October.”

On this news, the Company’s stock price fell by $47.88 per share, or approximately 23%, to close at $158.03 per share on December 3, 2020.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Splunk securities during the Class Period, you may move the Court no later than February 2, 2021 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Splunk securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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AAIS Gains Regulatory Approval for its Groundbreaking Data-Driven Fire Risk Model.

The new AAIS Fire Loss and Mitigation Evaluation Score (FLAMES) helps insurers more accurately predict expected fire severity.

Lisle, IL, Dec. 08, 2020 (GLOBE NEWSWIRE) — AAIS (American Association of Insurance Services), the modern insurance advisory organization, has received approval from the Florida Office of Insurance Regulation for its new predictive model. The AAIS Fire Loss and Mitigation Evaluation Score (FLAMES) is a significant improvement on existing methods of quantifying expected severity of fire losses.

Current methods of measuring fire risk reflect fire protection capabilities within the geographic boundaries of individual fire departments, but ignore variation in capabilities and claims severity across communities. Using fire department boundaries also makes it difficult for insurers to integrate risk scores into underwriting systems and processes.

“Our Member carriers have expressed frustration with existing methods of assessing fire risk, which haven’t kept pace with changes in public fire protection capabilities and modern mitigation approaches,” said AAIS CEO Ed Kelly. “Our Data Engineering and Actuarial Team took a rigorous, analytical approach to solving this decades-old problem, and now insurance carriers and regulators can have a more accurate picture of fire risk.”

Several key principles guided the development of the FLAMES model, including the need for a more data-driven, analytical solution that is acceptable to insurance carriers, regulators, and other industry professionals. AAIS evaluated a wide range of data including National Fire Incident Reporting System (NFIRS) data, carrier claims data, weather, crime, economic activity, fire station locations, fire hydrant coverage, traffic patterns, population density, building stock characteristics, and vacancy rates, which best reflected the drivers of loss.

Current approaches prioritized the location of insured properties relative to fire protection resources and infrastructure. According to Matt Hinds-Aldrich, PhD, AAIS Senior Risk Strategy Lead, “Legacy models have been overly simplistic given advancements in local fire protection. Rather than a checklist of input measures to grade individual local fire department performance, FLAMES measures outcomes in terms of severity of fire losses by ZIP code.”

AAIS established relationships throughout the fire protection industry and received input from industry experts and thought leaders regarding ways to begin to standardize, consolidate, and validate mitigation data. By moving away from checklist approaches to assess fire protection efforts, AAIS believes FLAMES can encourage fire departments to prioritize collaboration and coordination in both response and mitigation efforts beyond the boundaries of their respective jurisdictions.

“We are excited to have regulatory approval for FLAMES to be used as part of our Florida Homeowners By-Peril (HOBP) program,” said AAIS Vice President of Data & Actuarial Solutions Phil LeGrone. “FLAMES was built as a flexible countrywide model, and we are already exploring ways to broaden adoption of our methodology in other jurisdictions and additional lines of business.”

ABOUT AAIS

Established in 1936, AAIS serves the property casualty insurance industry as the modern, Member-based advisory organization. AAIS delivers custom advisory solutions, including best-in-class forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture, commercial auto, personal auto, and homeowners insurers. Its consultative approach, unrivaled customer service and modern technical capabilities underscore a focused commitment to the success of its Members. AAIS also serves as the administrator of openIDL, the data and information sharing platform for regulatory reporting built on distributed ledger technology. For more information about AAIS, please visit www.aaisonline.com.



Rachael Paul-Heinz
American Association of Insurance Services (AAIS)
630.457.3272
[email protected]

SMART Modular Introduces PCIe NVMe Flash Storage Products in M.2 Type 1620 BGA Package and M.2 2230 Module

New BGAP520 PCIe NVMe product family addresses need for soldered-down and small module form factor Flash storage for industrial embedded market segments

NEWARK, Calif., Dec. 08, 2020 (GLOBE NEWSWIRE) — SMART Modular Technologies, a subsidiary of SMART Global Holdings, Inc., (NASDAQ: SGH), and a leader in specialty memory, storage and hybrid solutions including DRAM memory modules, solid state drives (SSDs) and other Flash memory products, introduces a new line of PCIe NVMe solid state drive (SSD) Flash products designed for industrial embedded applications. The new BGAP520 PCIe NVMe family of products in M.2 Type 1620 BGA package (BGA NVMe) and small form-factor M.2 2230 single-sided module is ideal in embedded systems where space constraints are a key design consideration.

BGAP520 PCIe NVMe is the latest addition to SMART Modular’s portfolio of DuraFlash products to deliver durable and reliable Flash solutions to the industrial embedded market segment. DuraFlash-branded products are built to high standards to withstand the harshest operating environments including extreme hot and cold temperatures, vibration, humidity, salty air, dust and exposure to sulfur dioxide.

SMART’s new Type 1620 BGA NVMe and M.2 2230 PCIe NVMe modules address the need for soldered down and small form factor Flash storage in embedded systems. The products utilize a PCIe Gen 3 x4 interface and comply with the NVM Express v1.3 protocol standard. They are available in 3D NAND tri-level cell (TLC) in commercial temperature (0 °C to 70 °C) in 30GB to 240GB and pseudo single-level cell (pSLC) industrial temperature (-40 °C to 85 °C) in 20GB to 80GB versions.

Features for the SMART BGAP520 BGA NVMe and M.2 2230 products include:

  • Built with the latest controller and 3D NAND technology
  • Supports PCIe Gen3 x 4
  • Complies with NVMe v1.3 specifications
  • BGA NVMe conforms to M.2 Type 1620 BGA package standard
  • M.2 2230 module conforms to M.2 2230 S2-M module standard
  • TLC version available in commercial temperature (0 °C to 70 °C) from 30GB to 240GB
  • pSLC version available in industrial temperature (-40 °C to 85 °C) from 20GB to 80GB

“At SMART, we’ve developed state-of-the-art solutions for businesses that embed memory and storage into their technology,” said Victor Tsai, director of Flash Products, SMART Modular. “With the BGAP520 PCIe NVMe products in Type 1620 BGA package and M.2 2230 module, designers can count on robust and ruggedized Flash memory solutions with unrivalled performance. We are very excited to offer these new products to our customers to incorporate into their connected IIoT devices.”

About SMART Modular Technologies

Serving the specialty memory industry for more than 30 years, SMART Modular is a global leader in memory modules, solid-state storage products and hybrid solutions across various form factors. Critical to electronic devices, they are available in standard, custom and ruggedized versions where high performance and high capacity are essential. SMART delivers solutions to a broad customer base which includes OEMs in computing, networking, communications, storage, mobile, military, aerospace and industrial markets.

SMART collaborates closely with their global OEM customers with a strong focus on extensive customer-specific designs, technical support and value-added testing services. Throughout the design process and across multiple platforms, SMART creates solutions for demanding applications with differentiated requirements.

SMART is a pioneer in secure, ruggedized solid-state drives. Additional attributes such as encryption, secure data elimination and write-protect features are incorporated providing highly secure storage for military, aerospace and industrial markets. SMART has developed a comprehensive lineup of ruggedized products including DRAM, hybrid memory, Flash and storage technologies across various form factors.

Visit www.smartm.com for our complete line of memory solutions.

Connect with SMART on LinkedIn.

SMART Media Contacts:

United States
Maureen O’Leary, Sr Manager Marcom/PR
SMART Modular Technologies
+1 (602) 330-6846
maureen.o’[email protected]

EMEA
Rhianna Bull, Account Manager for SMART
Napier Partnership Limited
+44 (0) 1243 531123
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c1de7b70-d762-412a-8cd0-e58663109a26



TILE Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Interface, Inc. (TILE) Investors of Class Action and Encourages Shareholders to Contact the Firm

NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Interface, Inc. (“Interface” or “the Company”) (NASDAQ: TILE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Interface securities pursuant between March 2, 2018 and September 28, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/tile.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) Interface had inadequate disclosure controls and procedures and internal control over financial reporting; (2) consequently, Interface, inter alia, reported artificially inflated income and earnings per share (“EPS”) in 2015 and 2016; (3) Interface and certain of its employees were under investigation by the Securities and Exchange Commission (“SEC”) with respect to the foregoing issues since at least as early as November 2017, had impeded the SEC’s investigation, and downplayed the true scope of the Company’s wrongdoing and liability with respect to the SEC investigation; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/tile or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Interface you have until January 11, 2021 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]



Small employer market offers great potential for voluntary benefits, with evolving administrative expectations making market easier to serve, finds Eastbridge’s latest report

AVON, Conn., Dec. 08, 2020 (GLOBE NEWSWIRE) — Small employers represent 91% of all U.S. businesses and employ almost 30 million employees. Not only does the size of this market indicate opportunity, but it also has significant potential in terms of unmet benefit needs. Small employers continue to be less likely to offer many benefits on any basis (employer-funded, shared cost, employee-funded), and 57% of employers with 10-49 employees and almost 75% with 50-99 employees offer at least one voluntary product. This compares to 80-90% of large employers. From the employee perspective, even though the voluntary product ownership percentages of employees working for small employers is lower than those working for large employers, employees express interest in purchasing a variety of products on a voluntary basis.

Eastbridge’s Voluntary and the Small Case Market Spotlight™ Report aggregates research from key perspectives – of employers, employees, carriers, and brokers – to provide in-depth analysis of the small case market. It covers the size of the small employer market; differences in employee attitudes or ownership; employer preferences that impact carrier selection; products sold; top carriers, and opinions of brokers who focus on the small case market. The study found, for example, that small employer expectations for voluntary benefit enrollment and administration are becoming similar to large employers’. Almost a quarter of small employers say they will not select a carrier that does not offer online administration. In addition, small employers prefer self-enrollment, online, through their benefits administration system, and want their employees to receive personalized enrollment communications. These preferences increasingly mirror large employer preferences making both markets easier to serve.

The Voluntary and the Small Case Market Spotlight™ Report offers comprehensive data for those who focus on the small case market and those who may be assessing its potential.

The report is now available for purchase for $2,500. For more information or to purchase the report, visit the report page by clicking here, e-mail [email protected], or call (860) 676-9633.  



Eastbridge Consulting Group, Inc


. is a marketing advisory firm serving companies focused on the voluntary/worksite benefits market in the United States and 
Canada.

FOR FURTHER INFORMATION, CONTACT:  
Erin Marino ([email protected]