Posts

Posted on

The Hottest Electric Car Companies For 2021

FN Media Group Presents Oilprice.com Market Commentary

PR Newswire

LONDON, Dec. 7, 2020 /PRNewswire/ — Never before in the history of money-making has wealth accumulation happened as fast as it has with Elon Musk. Tesla (NASDAQ:TSLA) surged past even Warren Buffett’s Berkshire Hathaway last Friday. Now, the rapid-fire EV giant is the 6th largest publicly traded company in the U.S. Its market capitalization is now a mind-blowing $555 billion. And its founder and CEO, Elon Musk, is now wealthier than Bill Gates.   Also mentioned in today’s commentary includes:  Blink Charging (NASDAQ:BLNK), Fisker (NYSE:FSR), NIO Limited (NYSE:NIO), XPeng Motors (NYSE:XPEV).

Holding status as the second-richest person in the entire world, this year alone, Musk has added over $100 billion to his net worth, according to Forbes. Just when investors thought Tesla didn’t have much upside left, November saw epic gains of yet another ~50%. An already massive stock has gained 600% year-to-date. And the good news keeps rolling in, with Tesla joining the S&P 500 starting on December 21st and a number of other fast-paced catalysts. 

It’s boosting the entire EV industry, and every company with a tie-in to EV. So, imagine what the next Tesla could be. Or what getting in on the ground floor of an EV tie-in company could possibly produce …

Four Trends To Watch As The EV Boom Accelerates

#1 Charging Infrastructure

This is a “story stock”. But so was Tesla, and so is every EV industry tie-in. It’s been a lucrative story. Investors are piling into a story that details what our future is clearly going to look like. That’s where all the money is made.  It’s an “if you build it, they will come” narrative that’s netting massive returns for investors. 

Blink Charging (NASDAQ:BLNK) is building an EV charging network. It’s small, but it has explosive potential. The bigger the EV industry itself becomes, the better this stock looks. 

While the coming months may be volatile, we still think there’s a lot of upside here, considering that Blink has so far deployed nearly 16,000 charging stations (based on Q3 reporting), about half of which are actually in the Blink Network. So while this is still early days, the EV tailwinds are carrying it far and fast, and while the build-out continues, a stock with over 1,000% gains is an acquisition power. It can expand, and it can buy competitors. 

#2 The Green Transportation Ecosystem

There probably isn’t a better “story stock” than Facedrive (FD.V, FDVRF). And it’s already built–with fast-track expansion going down month after month. And it’s not a charging station. Or another EV. 

It’s the tie-in of tie-ins because it’s an entire ecosystem of tie-ins to the EV industry. It’s the first ever carbon-offset ride-sharing platform, launched in Canada and intending to push hard into the United States and Europe.

It’s carbon-offset food delivery … bringing EVs and food delivery, two explosive segments, under a single umbrella. It’s the recent blockbuster acquisition of one of the most potentially disruptive companies in the auto industry to date: Washington, DC-based Steer, an EV subscription company that plans to revolutionize transportation. 

Steer is a seamless, state-of-the-art EV subscription platform that gives you your own virtual gallery of EVs. You choose what you want to drive and Steer’s concierge service delivers it to your doorstep, every day, every month, or whenever you want. 

Driving–and “having” an EV ride–has never been easier. And this is exactly what promises to help push EVs over the mainstream dividing line. And so far, data shows that Steer’s first customers were never even EV owners. That means the company not only stands to completely change the way we think about car ownership, but it also promises to convert more mainstream drivers into EV loyalists. This is how you’ll probably drive a Tesla in the future. Or, an Audi e-Tron. 

In the meantime, this acquisition has given Facedrive (FD.V, FDVRF). some powerful backing. Steer was backed by $40-billion market cap energy giant Exelon, and the deal with Facedrive including a $2-million strategic investment by Exelon’s wholly-owned subsidiary, Exelorate Enterprises, LLC.

The news flow has been absolutely stunning, …and combined with the tailwinds of the EV industry, we expect big things for this story.

#3 The American EV Giants

Tesla (NASDAQ:TSLA) is the de-facto king of the electric vehicle market. And it’s easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.

Tesla is now the most valuable car maker “of all time”. It is now worth almost $538 billion while the top three American automakers–GM, Ford and Chrysler–are worth around $70 billion.

Billionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla’s stock has skyrocketed by over 14,000%. But while Tesla’s EV threat to the industry is clear, the competition is heating up in China.

Fisker (NYSE:FSR) is a speculative play. It won’t start producing its EV SUVs until 2023. But again, it’s a story stock that looks a lot like Tesla did in the early days. Fisker stock has gained almost 60% in a month. 

Citigroup analyst Italy Michaeli just picked up coverage of Fisker, with a “Buy” rating and a price target of $26. Michaeli gets the narrative here, reminding investors that “as a pre-revenue company, Fisker is clearly a higher-risk investment proposition”, but there’s a big reason to be bullish. Fisker has four long-term advantages here: It’s making an SUV, which Michaeli says is a good segment to target. It’s got a strong brand. It’s got a legacy behind the wheel: Henrik Fisker is Fisker’s founder and he’s a legend in automotive design. And it’s a massive saver of capital because it has an innovative “asset light” approach, getting Magna International to assemble its first vehicle. It’s already got 9,000 advance orders … prepaid.

And when it does come out with its first Ocean SUV, it will be at a $40,000 price point and a super flexible lease set-up that could be incredibly disruptive … 

#4 Chinese Carmakers Join The Competition

NIO Limited (NYSE:NIO) has had an incredible year, taking the market by storm. Just a year ago, no one could have imagined how successful the company was going to be. In fact, many analysts were ready to leave it for dead. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $50 earlier this week, representing a massive 1443% returns for investors who had faith. 

Recently, NIO revealed a pair of sedans that would make even the biggest Tesla devotees turn their heads. The vehicles, meant to compete with Tesla’s Model 3, could be just what the company needs to pull back control of its local market from Elon Musk’s electric vehicle giant.

While NIO’s sales struggled earlier this year, they quickly rebounded in the second quarter and have maintained an upward trajectory ever since. By its Q4 report in October, NIO announced that its sales had more-than doubled, projecting even greater sales in the months to come. The EV darling has come a long way from its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is has big ambitions and enough drive and skill to see them through

XPeng Motors (NYSE:XPEV) has had a terrific time as a newcomer in the market. Though it only recently IPO’d, it’s been on a tear. Though the Chinese electric vehicle giant is riding on the coattails of Tesla and NIO, it has carved out its own demand, especially among Robinhood traders looking for the next big score. Since its NYSE debut in August, the ambitious electric vehicle company has risen by more than 157% thanks to its promising financials and growing demand for its stylish vehicles.

While it’s definitely a favorite among retail investors, Xpeng has also received a ton of interest from Big Money. Earlier this year the company raised over $500 million from the likes of Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, and even more recently, secured another $400 million from heavy hitters such as Alibaba, Qatar Investment Authority and Abu Dhabi’s sovereign wealth fund Mubadala.

As the demand for electric vehicles continues to grow, newcomers like Xpeng provide an excellent opportunity for investors to jump on this undeniable trend even if the missed out on Tesla’s meteoric rise to glory.

By. Olu Fashola

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

Forward looking statements in this publication include that Facedrive will be able to expand to the US and Europe; that transport in an EV will become much more popular and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; Facedrive’s ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Company”) owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company and the writer are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact e-mail:  [email protected]  U.S. Phone: +1(954)345-0611

Cision View original content:http://www.prnewswire.com/news-releases/the-hottest-electric-car-companies-for-2021-301186765.html

SOURCE Oilprice.com

Posted on

LaSalle Announces CEO Succession and New Leadership Roles

Mark Gabbay appointed Global CEO; Jeff Jacobson to transition to Chairman

PR Newswire

CHICAGO, Dec. 7, 2020 /PRNewswire/ — LaSalle Investment Management (“LaSalle“), an operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), announced today that Mark Gabbay, currently CEO and CIO of LaSalle Asia Pacific, will assume the role of LaSalle Global CEO, effective January 1, 2021. Gabbay will succeed Jeff Jacobson, who is transitioning leadership after a 14-year tenure as LaSalle Global CEO. Jacobson will stay on as LaSalle Chairman through at least June 2021 and will continue to work closely with the leadership team to ensure a smooth transition and continued momentum in the business.

As Global CEO, Gabbay will have overall leadership responsibility for LaSalle’s strategic direction and growth. He will report to Christian Ulbrich, President and CEO of JLL.

Gabbay joined LaSalle in 2010 as Chief Investment Officer for Asia Pacific. In 2015, he became APAC CEO and has since been the central architect of the firm’s stellar investment performance and robust earnings growth in the region. Gabbay’s extensive real estate investment background before joining LaSalle includes serving as Managing Director and Head of the Asia Asset Finance Division at Nomura and Co-Head of the Asia Pacific Global Real Estate Group at Lehman Brothers.


Jeff Jacobson, incumbent LaSalle CEO said, “Mark’s experience and track record of outperformance have been critical to the success of our Asia Pacific business, and he possesses the right mix of skills, innovative thinking and leadership to drive LaSalle’s growth going forward. The foundation of our business is very solid, and I am confident that the firm will experience great momentum and success with Mark and our entire global leadership team. I look forward to helping this transition and observing the progress in the years ahead.”

As CEO since 2007, Jacobson successfully led LaSalle through two global crises and oversaw a period of expansion with AUM growing over 57% to more than $65 billion as of Q3 2020. During his tenure, LaSalle executed numerous strategic product launches, accretive acquisitions, and a global transformation culminating with a coordinated series of leadership appointments being announced today. 


Christian Ulbrich, JLL CEO added, “Jeff’s leadership and investment expertise have been instrumental in LaSalle’s success over the past 30 years. We thank him for positioning the business on such solid footing and being an outstanding steward for LaSalle’s investors and employees throughout his career. Mark is the right leader to drive the next phase of growth and further enhancing LaSalle’s industry leading real estate investment management offer.”


Mark Gabbay, incoming LaSalle CEO said, “I am honored and excited to become the next CEO of LaSalle. Our global platform, singular real estate focus and investment expertise around the world is unparalleled and I look forward to working with our teams to drive growth, innovation and performance in the years ahead.” 

As part of the succession plan, the following leadership changes are being implemented in LaSalle’sAsia Pacific region:

  • Keith Fujii, Japan CEO, will step into the Asia Pacific CEO role previously held by Mark Gabbay
  • Claire Tang, Head of Greater China, and Kunihiko (Nick) Okumura, Head of Japan Acquisitions, will become Co-CIOs of Asia Pacific to fill the CIO role previously held by Mark Gabbay

In addition, the following individuals will be stepping into new global roles as part of the global transformation of LaSalle:

  • Tim Kessler, Global Head of Corporate Strategy and Development, will become Global Chief Operating Officer
  • Alok Gaur, Global Co-Head of Client Capital Group, will become Global Head of Client Capital Group
  • Jon Zehner, Global Co-Head of Client Capital Group, is transitioning to CEO of Global Partner Solutions, LaSalle’s global unlisted indirect business unit, succeeding Ed Casal

Other members of LaSalle’s executive leadership team remain in place:

  • Jacques Gordon as Global Strategist
  • Lisa Kaufman as CEO Global Real Estate Securities
  • Gordon Repp as General Counsel
  • Mike Ricketts as Global Chief Financial Officer
  • Darline Scelzo as Chief Human Resources Officer
  • Jason Kern as CEO Americas
  • Philip La Pierre as CEO Europe

LaSalle Contact:
Matt Schuler

Phone: +1 312 897 4192
Email: [email protected] 

JLL Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: [email protected] 

About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages more than $65 billion of assets in private and public real estate property and debt investments as of Q3 2020. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information visit www.lasalle.com, and LinkedIn.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.

This communication may contain forward-looking statements with respect to LaSalle Investment Management. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements.

This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any
 statements herein be construed as a prediction or guarantee of future results
.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/lasalle-announces-ceo-succession-and-new-leadership-roles-301187006.html

SOURCE JLL-IR; LaSalle Investment Management

Posted on

McLeod Health Targets Cost Savings and Accurate Reimbursement with Nuance Surgical CAPD

McLeod Health adds Nuance’s AI-powered, cloud-based CAPD solution to optimize its surgical documentation and coding

PR Newswire

BURLINGTON, Mass., Dec. 7, 2020 /PRNewswire/ — Nuance Communications, Inc. (NASDAQ: NUAN) today announced that McLeod Health has deployed the Nuance Surgical Computer-Assisted Physician Documentation (CAPD) solution to ensure appropriate reimbursement while also saving surgeons time, reducing administrative burden, and improving their overall satisfaction.

McLeod is a large healthcare network in Florence, South Carolina that differentiates itself on innovation and quality. Like many hospital systems, McLeod experienced canceled and delayed surgeries earlier this year due to COVID-19. The organization needed a solution that would help it maintain financial integrity and thus stability while setting a solid foundation for managing an influx of surgical patients as a result of the COVID-19 delays. “Elective surgeries are high-volume procedures that account for a significant amount of revenue for our organization which is critical to enabling us to care for our community. When documentation isn’t accurate and complete, it can result in billing delays, financial losses, and additional costs. We needed a way to improve the revenue cycle process,” said Bryon K. Frost, MD, VP, and CMIO, McLeod Health. “Having implemented Nuance Dragon Medical One, we knew Nuance could deliver results. Nuance’s Surgical CAPD has had a positive impact on provider and patient satisfaction – and  our hospital’s bottom-line.”

McLeod was familiar with Nuance’s innovative speech solutions for front-end documentation capture. Two years ago, the organization transitioned to Nuance’s cloud-based infrastructure Dragon Medical One and has close to 90 percent adoption among McLeod’s physician network. Based on this success, McLeod chose to add Nuance Surgical CAPD to their existing Dragon Medical One platform.

“Surgeons and the organization don’t get reimbursed for the services provided unless the documentation reflects the appropriate detail of the procedures performed,” said Diana Nole, Executive Vice President and General Manager of Healthcare at Nuance. “Approximately two percent of net surgical revenue can be at risk due to incomplete and inaccurate surgical documentation.  We are excited to partner with McLeod Health to deliver surgical note completeness for improved accuracy of coding and billing to help them sustain financial viability.”

The Nuance Surgical CAPD AI-powered, cloud-based solution guides surgeons through the documentation process in real-time by providing relevant, episodic, in-workflow guidance needed for accurate and complete reimbursement. It also automates repetitive tasks in real-time to increase the accuracy of operative notes and streamline clinical documentation and coding. Financial and operational outcomes are all carefully monitored and tracked with advanced analytics to drive adoption and success.

To learn more about Nuance Healthcare Solutions and Services, click here.

About Nuance Communications, Inc.

Nuance Communications (NASDAQ: NUAN) is a technology pioneer with market leadership in conversational AI and ambient intelligence. A full-service partner trusted by 90 percent of U.S. hospitals and 85 percent of the Fortune 100 companies worldwide, Nuance creates intuitive solutions that amplify people’s ability to help others.

Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.


Media Contact

Nuance Communications

Nancy Scott

+1 781.565.4130
[email protected]

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mcleod-health-targets-cost-savings-and-accurate-reimbursement-with-nuance-surgical-capd-301186648.html

SOURCE Nuance Communications, Inc.

Posted on

PPD Recognized as a Best Place to Work in Greater China

PPD Recognized as a Best Place to Work in Greater China

WILMINGTON, N.C.–(BUSINESS WIRE)–
PPD, Inc. (Nasdaq:PPD) has been named one of the Best Workplaces in Greater China™ by Great Place to Work®, a global authority on high-trust, high-performance workplace cultures that provides executive advisory and culture consulting services to businesses, nonprofits and government agencies. The honor builds on the announcement by PPD to adopt a new Mandarin company name in China to reflect its continuing growth in the country.

PPD has more than 20 years of local experience in the Asia-Pacific region, including extensive drug development and research capabilities in greater China. The company’s clinical operations cover China’s entire geography and population.

“This honor confirms what we have long believed – that PPD is indeed a best place to work in greater China,” said Ding Ming, Ph.D., vice president and general manager of PPD’s China operations. “Our company culture provides an open environment for employees to thrive and deliver high performance for our customers. Our workforce in greater China – which now exceeds 1,100 – has more than doubled since 2019 and our employee retention has remained high. Our engaged employees generate strong customer allegiance and offer outstanding continuity on our drug development work for customers.”

Great Place to Work evaluates the culture of organizations based on answers employees provide in response to a survey that analyzes five dimensions: respect, camaraderie, credibility, pride and fairness, as well as an audit that identifies gaps between the desired impact of programs and their actual influence to better recognize success factors that distinguish excellent workplaces. Only 38 companies in greater China were recognized in 2020 for their exemplary work environment.

Earlier this year, PPD announced it was expanding its operations and leadership team in China and would be opening a new multipurpose clinical research laboratory in Suzhou to provide enhanced clinical development, laboratory, regulatory, site conduct, patient access and post-approval services for international and China-based pharmaceutical companies. The 67,000-square-foot (6,224-square-meter) facility is expected to be fully operational in 2021, offering bioanalytical, biomarker and vaccine services to support trials across all phases of pharmaceutical development. The company anticipates adding approximately 350 positions as a result of the expansion.

Reflecting PPD’s ongoing expansion in the China drug development marketplace, the company has adopted the Mandarin name Bai Shi Yi (百时益) for its China-based business. The new name – capturing the concepts of bai (100), shi (timely) and yi (beneficial) – reflects PPD’s ambition to ensure 100% customer satisfaction, accelerate the pace of drug development and help customers deliver life-changing therapies to patients.

“PPD has deep experience in the Chinese drug development marketplace,” Ming said. “Going forward, we plan to continue to invest in the China market, expand our clinical development and laboratory offerings, and localize additional functions to cover a broader range of capabilities, while continuing to provide high-quality services for our customers in China.”

About PPD

PPD is a leading global contract research organization providing comprehensive, integrated drug development, laboratory and lifecycle management services. Our customers include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 46 countries and more than 25,000 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a firm commitment to quality to help customers bend the cost and time curve of drug development and optimize value in delivering life-changing therapies to improve health. For more information, visit www.ppd.com.

This news release contains forward-looking statements. These statements often include words such as “expect,” “believe,” “project,” “forecast,” “estimate,” “target” and other similar expressions. Although we believe these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial results, and therefore actual results might differ materially from those expressed in the forward-looking statements. Factors that might materially affect such forward-looking statements include, but are not limited to, the fragmented and highly competitive nature of the drug development services industry; changes in trends in the biopharmaceutical industry; our ability to keep pace with rapid technological changes that could make our services less competitive or obsolete; political, economic and/or regulatory influences and changes; and other factors disclosed under the “Risk Factors” section in our periodic reports filed with the Securities and Exchange Commission (SEC), including our latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which is available on our website at https://investors.ppd.com or the SEC’s website at www.sec.gov. We assume no obligation and disclaim any duty to revise or update any forward-looking statements, or make any new forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

PPD Contacts

Media:

Randy Buckwalter

+1 919 456 4425

[email protected]

Investors:

Tracy Krumme

+1 910 558 4186

[email protected]

KEYWORDS: North Carolina China United States North America Asia Pacific

INDUSTRY KEYWORDS: Biotechnology Practice Management Pharmaceutical Human Resources Health Professional Services Clinical Trials Other Health

MEDIA:

Logo
Logo
Posted on

American Software Names Keith Charron Chief Operating Officer

American Software Names Keith Charron Chief Operating Officer

ATLANTA–(BUSINESS WIRE)–
American Software, Inc. (NASDAQ: AMSWA) today announced the addition of Keith Charron as Chief Operating Officer to accelerate new account acquisition, customer success and sustainable growth.

“Following a comprehensive market search, we are thrilled for Keith to join the team and bring his more than 30 years of global technology leadership experience to American Software,” said Allan Dow, CEO and president, American Software. “Keith has a proven track record of developing and leading efficient sales, service and support organizations and will help us unify our operations across each of American Software’s brands – Logility, Demand Solutions and NGC Software.”

Prior to joining American Software, Keith served as Chief Sales Officer at Syncron providing leadership and strategic direction for their global commercial organization. Prior to that, Keith led worldwide sales and operations for ENOVIA/3DEXPERIENCE, part of Dassault Systèmes. Keith received a Bachelor’s Degree in Engineering and Master’s Degree in Business from Michigan State University. He served on the Board of Directors for MSU Broad Business School EMBA Alumni, and is the founder of 100 MEN CLUB, a philanthropic organization helping underserved children and families around southeast Michigan.

“The events of the past year have emphasized the importance of the supply chain as a catalyst for resilience and growth,” said Keith Charron, COO, American Software. “American Software and our brands – Logility, Demand Solutions and NGC Software – deliver the unique capability to help companies around the world transform their supply chains into profit centers and differentiators. I am excited about the opportunity to join this family and build on its rich history of innovation.”

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entities delivers an innovative technical platform with AI-powered capabilities for supply chain management and advanced retail planning that is accelerating digital supply chain optimization from product concept to customer availability. Logility, Inc. is helping large enterprise companies transform their supply chain operations to gain a competitive advantage. Recognized for its high-touch approach to customer service, rapid implementations and industry-leading return on investment (ROI), Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. Demand Management, Inc. delivers affordable, easy-to-use supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs. Demand Management, Inc. serves customers such as Siemens Healthcare, AutomationDirect.com and Newfoundland Labrador Liquor Corporation. New Generation Computing, Inc. powers the digital supply chain to enable apparel brand owners and retailers to maximize revenue and profit by accelerating lead times, streamlining product development, and optimizing sourcing and distribution. NGC customers include Brooks Brothers, Carter’s, Destination XL, Fanatics, Foot Locker, Jockey International, Lacoste and Spanx. The comprehensive American Software supply chain and retail planning portfolio delivered in the cloud includes advanced analytics, supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about American Software, please visit www.amsoftware.com, call (404) 364-7615 or email [email protected].

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company’s products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company’s revenues. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 264-5298.

Vincent C. Klinges

Chief Financial Officer

American Software, Inc.

(404) 264-5477

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Technology Software

MEDIA:

Logo
Logo
Posted on

Belgium Federal Public Service of Foreign Affairs Transforms Global ICT Environment With Orange Business Services

Belgium Federal Public Service of Foreign Affairs Transforms Global ICT Environment With Orange Business Services

  • Wide-ranging deal includes SD-WAN, security, LAN and cloud-based unified communications with global service wrap
  • Incorporates a €800K annual innovation fund to future-proof infrastructure

BRUSSELS & PARIS–(BUSINESS WIRE)–
The Belgian Federal Public Service of Foreign Affairs (FPS FA) has signed a new agreement with Orange Business Services to transform its global communications infrastructure. The renewed and expanded contract overhauls network, security and application infrastructure across 118 locations in 87 countries. Additional network resilience is supported through fully integrated satellite services. The solutions will help deliver the high level of performance, resilience and security required by diplomatic staff to support Belgium’s interests and citizens abroad.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201207005423/en/

The new solutions support the Ministry’s cloud migration to Office 365 and its requirement to centralize critical data in Belgium (Photo: Orange Business Services)

The new solutions support the Ministry’s cloud migration to Office 365 and its requirement to centralize critical data in Belgium (Photo: Orange Business Services)

The new solutions support the Ministry’s cloud migration to Office 365 and its requirement to centralize critical data in Belgium. Flexible SD-WAN will ensure network and cloud connectivity with strong security and application optimization. Flexibility is guaranteed with uCPEs deployed at sites for virtualized services, with satellite being a natural extension for remote locations. There will also be a refresh of the wireless and LAN infrastructures in all locations, and managed security will be provided both at the network level and within the cloud.

The agreement includes an annual innovation fund of €800K for projects to help the Belgian Ministry stay at the forefront of technology development. The first of many co-innovation projects focuses on Master Data Management led by the Orange company Business & Decision.

Workspace of the future

As part of the managed Office 365 solution, Orange Business Services will also provide services on a unified communications solution based on Microsoft Teams to help deliver the workspace of the future for its diplomats. This involves the migration of all its sites to the new system, along with the provision of Direct Routing and Business Talk, which will help to significantly reduce calling expenses.

The Flexible SD-WAN solution using Universal CPEs based at the remote sites provides network function virtualization (NFV). The technology gives the Ministry agility to install and manage network functions remotely, which is a clear advantage considering challenges to deploy network equipment in all parts of the world.

A decade of trusted partnership

Orange Business Services began supporting the Belgium Federal Public Service of Foreign Affairs over a decade ago in 2008. In 2015, Orange Business Services was chosen to secure mobile devices access to messaging systems, applications and data to prevent data loss and theft. It was a key first step in creating a secure mobile workspace as part of the digital transformation of the Ministry. Today’s announcement reconfirms the trust both partners have in each other.

“Our partnership with Orange Business Services is the embodiment of a long-term vision strategy for the Belgian Ministry of Foreign Affairs that is centered around security, agility and innovation. Orange proved to be the perfect partner to modernize our infrastructure, and with the Innovation Fund, we will make sure that our organization is agile and swift enough to serve our organization’s needs today and tomorrow,” said Philip Dumortier, ICT Director, Belgian Federal Public Service of Foreign Affairs.

“This new agreement is a key step in furthering the transformation of the Belgian FPS FA. Orange has extended knowledge in this field serving tens of different Ministries of Foreign Affairs worldwide. We are incredibly excited to continue this partnership with a focus on innovation to help deepen our expertise as the best partner to protect data of Belgian officials and citizens abroad,” said Fabrice de Windt, Senior Vice President, Europe, Orange Business Services.

About Orange Business Services

Orange Business Services is a network-native digital services company and the global enterprise division of the Orange Group. It connects, protects and innovates for enterprises around the world to support sustainable business growth. Leveraging its connectivity and system integration expertise throughout the digital value chain, Orange Business Services is well placed to support global businesses in areas such as software-defined networks, multi-cloud services, Data and AI, smart mobility services, and cybersecurity. It securely accompanies enterprises across every stage of the data lifecycle end-to-end, from collection, transport, storage and processing to analysis and sharing.

With companies thriving on innovation, Orange Business Services places its customers at the heart of an open collaborative ecosystem. This includes its 27,000 employees, the assets and expertise of the Orange Group, its technology and business partners, and a pool of finely selected start-ups. More than 3,000 multinational enterprises, as well as two million professionals, companies and local communities in France, put their trust in Orange Business Services.

For more information, visit https://www.orange-business.com/en or follow us on LinkedIn, Twitter and our blogs.

Orange is one of the world’s leading telecommunications operators with revenues of 42 billion euros in 2019 and 257 million customers worldwide at 30 September 2020. Orange is listed on the Euronext Paris (ORA) and on the New York Stock Exchange (ORAN). In December 2019, Orange presented its new “Engage 2025” strategic plan, guided by social and environmental accountability. While accelerating in growth areas, such as B-to-B services and placing data and AI at the heart of innovation, the entire Orange Group will be an attractive and responsible employer.

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

Press contact:

Elizabeth Mayeri, Orange Business Services, [email protected], +1 212 251 2086

KEYWORDS: North America France United States Europe Belgium

INDUSTRY KEYWORDS: Data Management Security Technology Telecommunications Mobile/Wireless Networks Internet

MEDIA:

Logo
Logo
Photo
Photo
The new solutions support the Ministry’s cloud migration to Office 365 and its requirement to centralize critical data in Belgium (Photo: Orange Business Services)
Posted on

Revlon Names Martine Williamson as its Chief Marketing Officer

Revlon Names Martine Williamson as its Chief Marketing Officer

NEW YORK–(BUSINESS WIRE)–
Revlon, Inc. (NYSE: REV) today announced that Martine Williamson has been appointed as the Company’s Chief Marketing Officer. In this role, Williamson will be central to creating and spearheading global strategic plans across the brand portfolio and overseeing Revlon’s overall brand equity and architecture. Williamson officially joined the Company on December 7, 2020 and reports to Revlon’s President and CEO, Debra Perelman.

Williamson most recently served as Strategic Marketing Advisor at Topix Pharmaceuticals, where she was responsible for brand incubation, building their D2C capabilities, spearheading the relaunch of a premium skincare brand, and creating the brand’s strategy and brand visual identity. Prior to Topix, Williamson was the EVP and CMO at Glansaol, a beauty start-up. During her time at Glansaol, Williamson completed the acquisition of three complementary brands: Laura Geller, Julep and Clark’s Botanicals. She also led the Laura Geller brand as the President and GM, improving the brand’s profitability, refining its positioning, driving digital and e-commerce and streamlining distribution.

Williamson also has a long history with Revlon. From 2001 to 2015, she worked as part of both Revlon’s Global and U.S. Marketing teams across all color cosmetics categories. Williamson led a number of functions and teams including the Revlon Brand Communication Strategy; the Retail Merchandising Team, where she rolled out a globally consistent merchandising strategy across all global markets; and the Walmart Marketing team, where she helped develop the strategy to make Walmart a dependable beauty destination. In her most recent role at Revlon, she was the SVP of Global Marketing.

Commenting on today’s announcement, Debra Perelman, Revlon’s President and CEO, said: “Martine brings to Revlon decades of experience across the beauty industry and we are very pleased to welcome her back to the Revlon family. As we enter 2021, Martine will be an important addition to our team and will be a critical part of executing against our long-term strategy.”

“I am excited to be rejoining Revlon as CMO, particularly at such a unique and challenging time for the industry,” said Williamson. “Revlon is extremely well-positioned to achieve its strategic goals, and I look forward to working with Debbie and the entire team to strengthen Revlon’s leadership in the global beauty market.”

ABOUT REVLON

Revlon has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage and celebrity fragrances. Today, Revlon’s diversified portfolio of brands is sold in approximately 150 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Revlon is among the leading global beauty companies, with some of the world’s most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.

Forward-Looking Statements

Statements made in this press release, which are not historical facts, are forward-looking and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to publicly update any forward-looking statement, whether to reflect actual results of operations; changes in financial condition; changes in general U.S. or international economic or industry conditions and/or conditions in the Company’s reportable segments; changes in estimates, expectations or assumptions; or other circumstances, conditions, developments and/or events arising after the issuance of this press release, except for the Company’s ongoing obligations under the U.S. federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on preliminary or potentially inaccurate estimates and assumptions that could cause actual results to differ materially from those expected or implied by the estimated financial information. Such forward-looking statements include, among other things, the Company’s expectations regarding future liquidity, cash flows, mandatory debt payments and other expenditures. Actual results may differ materially from the Company’s forward-looking statements for a number of reasons, including as a result of the risks and other items described in Revlon’s filings with the SEC, including, without limitation, in Revlon’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and amendments thereto, if any, filed with the SEC during 2019 and 2020 (which may be viewed on the SEC’s website at http://www.sec.gov or on Revlon, Inc.’s website at http://www.revloninc.com). Factors other than those referred to above, such as continuing adverse impacts from the ongoing and prolonged COVID-19 pandemic, could also cause Revlon’s results to differ materially from expected results. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Revlon’s website or other websites referenced herein shall not be incorporated by reference into this press release.

Media:

Sloane & Company

Dan Zacchei / Joe Germani

[email protected] / [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Cosmetics Retail Fashion

MEDIA:

Logo
Logo
Posted on

Mirum Pharmaceuticals Announces Virtual Investor Day 2020

Mirum Pharmaceuticals Announces Virtual Investor Day 2020

FOSTER CITY, Calif.–(BUSINESS WIRE)–
Mirum Pharmaceuticals, Inc. (NASDAQ: MIRUM) today announced that it will host its inaugural Virtual Investor Day on December 9, 2020 from 11:00 a.m. – 1:30 p.m. ET.

The webcast will include an overview of Mirum’s strategy and commercial plans for its lead investigational medication, maralixibat, as well as development progress for maralixibat and volixibat, both of which are being evaluated for the treatment of pediatric and adult patients with cholestatic liver diseases.

Chris Peetz, Mirum’s President and Chief Executive Officer, will be joined by members of the company’s management team, as well as industry experts, Philip Rosenthal, MD, Director of Pediatric Hepatology, University of California, San Francisco, and Catherine Williamson, MD, FRCP, FMedSci, Professor of Women’s Health at King’s College London.

WEBCAST AND DIAL-IN DETAILS

Webcast link: https://edge.media-server.com/mmc/p/cphus5mg

Toll-free dial-in: (844) 877-4019

International toll: (602) 563-8495

Conference ID: 1191826

A replay of the webcast will be available in the Investor Relations section of Mirum’s website following the live event.

About Mirum

Mirum Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of a late-stage pipeline of novel therapies for debilitating liver diseases. The company’s lead product candidate, maralixibat, is an investigational oral drug in development for Alagille syndrome (ALGS), progressive familial intrahepatic cholestasis (PFIC), and biliary atresia. The Company has initiated a rolling NDA submission for maralixibat in the treatment of cholestatic pruritus in patients with ALGS and expects to complete the submission in the first quarter of 2021. Additionally, Mirum’s marketing authorization application for the treatment of pediatric patients with PFIC2 has been accepted for review (validated) by the European Medicines Agency.

Mirum is also developing volixibat, also an oral ASBT-inhibitor, in primary sclerosing cholangitis and intrahepatic cholestasis of pregnancy. For more information, visit MirumPharma.com.

Follow Mirum on Twitter, Facebook, LinkedIn and Instagram.

Investors

Ian Clements, Ph.D.

[email protected]

Media

Erin Murphy

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Health

MEDIA:

Logo
Logo
Posted on

AMN CEO Susan Salka Named One of Modern Healthcare’s 100 Most Influential People of 2020

AMN CEO Susan Salka Named One of Modern Healthcare’s 100 Most Influential People of 2020

DALLAS–(BUSINESS WIRE)–
Susan Salka, President and CEO of AMN Healthcare (NYSE:AMN), has been named by Modern Healthcare as one of 2020’s 100 Most Influential People. This year’s list focused on people who influenced the course of healthcare during the global COVID-19 pandemic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201207005299/en/

Susan Salka, President and CEO of AMN Healthcare (NYSE:AMN), has been named by Modern Healthcare as one of 2020’s 100 Most Influential People. This year’s list focused on people who influenced the course of healthcare during the global COVID-19 pandemic. (Photo: Business Wire)

Susan Salka, President and CEO of AMN Healthcare (NYSE:AMN), has been named by Modern Healthcare as one of 2020’s 100 Most Influential People. This year’s list focused on people who influenced the course of healthcare during the global COVID-19 pandemic. (Photo: Business Wire)

According to Modern Healthcare, its editors and readers selected the 100 most innovative and resilient candidates who helped healthcare maneuver through the unprecedented hardships of the pandemic and who “used current events like the election, racial injustice and public health as an inspiration to do better.” This year’s list also included a record number of women.

“I am grateful for this honor on behalf of the entire team at AMN Healthcare, and especially for our nurses, physicians, allied health professionals, and all others who are out there on the frontlines of the pandemic working to save lives and reduce suffering,” Salka said. “Despite the hardships of 2020, this has also been a year where AMN has found opportunities to continue to innovate our service offerings, advance our commitment to diversity, equity, and inclusion, and support our communities.”

The annual Most Influential People program honors individuals who are deemed by their peers and the senior editors of Modern Healthcare to be the most influential individuals in the industry in terms of leadership and impact. The complete ranking, feature article, and profiles of winners are available at ModernHealthcare.com/100MostInfluential.

“This year will be remembered for more than the COVID-19 pandemic and election. It is a year that reminded us of the importance of the frontline healthcare worker and the power of collaboration,” said Modern Healthcare Editor Aurora Aguilar. “Every member of this class found ways to help their organization or the government or each other maneuver through unprecedented hardships. The result was often groundbreaking.”

Aguilar said that Modern Healthcare editors and readers selected the 100 most innovative and resilient candidates who influenced the course of healthcare during a global pandemic, continued to press forward amidst uncertainty, and used current events like the election, racial injustice, and public health as an inspiration to do better.

About AMN Healthcare

AMN Healthcare is the leader and innovator in total talent solutions for healthcare organizations across the nation. The Company provides access to the most comprehensive network of quality healthcare professionals through its innovative recruitment strategies and breadth of career opportunities. With insights and expertise, AMN Healthcare helps providers optimize their workforce to successfully reduce complexity, increase efficiency and improve patient outcomes. AMN total talent solutions include managed services programs, clinical and interim healthcare leaders, temporary staffing, executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, language interpretation services, revenue cycle solutions, credentialing and other services. Clients include acute-care hospitals, community health centers and clinics, physician practice groups, retail and urgent care centers, home health facilities, schools and many other healthcare settings. AMN Healthcare is committed to fostering and maintaining a diverse team that reflects the communities we serve. Our commitment to the inclusion of many different backgrounds, experiences and perspectives enables our innovation and leadership in the healthcare services industry. For more information about AMN Healthcare, visit www.amnhealthcare.com. 

Media Contact  

Jim Gogek 

Corporate Communications

AMN Healthcare  

(858) 350-3209  

[email protected]

Investor Contact 

Randle Reece 

Director, Investor Relations 

AMN Healthcare 

(866) 861-3229 

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Practice Management Nursing Human Resources Managed Care General Health Health Hospitals Professional Services

MEDIA:

Logo
Logo
Photo
Photo
Susan Salka, President and CEO of AMN Healthcare (NYSE:AMN), has been named by Modern Healthcare as one of 2020’s 100 Most Influential People. This year’s list focused on people who influenced the course of healthcare during the global COVID-19 pandemic. (Photo: Business Wire)
Posted on

Ingersoll Rand to Acquire Tuthill Vacuum and Blower Systems, a Division of Tuthill Corporation

Ingersoll Rand to Acquire Tuthill Vacuum and Blower Systems, a Division of Tuthill Corporation

  • Strong strategic fit with Ingersoll Rand portfolio of mission-critical air compression technologies
  • Extends portfolio of vacuum and blower products and services; expands channel coverage across Americas; and strengthens key application engineering and technical support capabilities
  • Transaction expected to be accretive to Adjusted EPS and Adjusted EBITDA in first full year

DAVIDSON, N.C.–(BUSINESS WIRE)–
Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire the assets of Tuthill Vacuum and Blower Systems. The all-cash transaction, valued at $184 million, is expected to close Q1 or earlier upon obtaining required regulatory approvals and necessary third-party consents.

“We are excited to welcome the Tuthill Vacuum and Blower Systems team to the Ingersoll Rand family. This transaction delivers on our commitment to significantly accelerate our growth plan and demonstrates our ability to seek out premium and iconic industrial brands with strong complementary technology and commercial growth opportunities,” remarked Vicente Reynal, chief executive officer of Ingersoll Rand. “Following our disciplined capital allocation strategy, we are paying a multiple largely in line with prior acquisitions and expect this transaction will provide a similar opportunity over the coming years to generate ROIC and reduce the post-acquisition multiple. Overall, we are proud of the immediate and long-term value this acquisition is expected to create for our shareholders.”

Tuthill Vacuum and Blower Systems is a leader in the design and manufacture of positive displacement blowers, mechanical vacuum pumps, vacuum boosters and engineered systems. Based in Springfield, Mo., Tuthill Vacuum and Blower Systems has approximately 160 employees and annual revenue of approximately $60 million. Upon transaction close, the employees and brands of Tuthill Vacuum and Blower Systems will join the Ingersoll Rand Industrial Technologies and Services (IT&S) segment.

“Customers in this market segment require a diverse mix of technology to address specific needs,” said Gary Gillespie, vice president and general manager of the IT&S Americas business. “The addition of the Tuthill Vacuum and Blower Systems’ team, product portfolio, technology and application expertise will offer customers a broader array of compelling critical flow technologies solutions that deliver increased durability, precision and value. We are honored to bring these two teams together and focus on our purpose to have customers, partners and employees lean on us to help them make life better.”

The acquisition will further enhance Ingersoll Rand’s IT&S segment, which manufactures and services a broad range of compressor, vacuum and blower solutions used in a variety of applications. Tuthill Vacuum and Blower Systems will expand Ingersoll Rand’s vacuum offering and application expertise to better serve customers who require a deeper level of technical support in a wide variety of applications, including plastics, food processing, chemical and wastewater. In addition, the acquisition will expand the company’s global blower channel coverage providing customers worldwide with more choices to meet their needs.

Steven Westfall, chief executive officer and president of Tuthill Corporation, commented, “Our business in Springfield is loaded with dedicated professionals who really care to make a difference. It’s more than difficult to say goodbye to the Vacuum & Blower team – and I’m confident they will find a terrific new home as a part of the Ingersoll Rand team.”

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including but not limited to, statements that relate to our intent to acquire the assets of Tuthill Corporation’s Blower and Vacuum Systems, the expected benefits of the proposed transaction, the timing of the transaction and the impact on our earnings per share, EBITDA and other financial measures. These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Such risks and uncertainties, include, but are not limited to: our ability to timely obtain, if ever, necessary regulatory approvals of the proposed transaction; adverse effects on the market price of our ordinary shares and on our operating results because of our inability to timely complete, if ever, the proposed transaction; our ability to fully realize the expected benefits of the proposed transaction; negative effects of announcement or consummation of the proposed transaction on the market price of the company’s common stock; significant transaction costs and/or unknown liabilities; general economic and business conditions that may impact the companies in connection with the proposed transaction; unanticipated expenses such as litigation or legal settlement expenses; changes in capital market conditions; the impact of the proposed transaction on the company’s employees, customers and suppliers; and the ability of the companies to successfully integrate operations after the transaction. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Additional factors that could cause Ingersoll Rand’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” in its most recent annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020, as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Media:

Misty Zelent

(704) 896-5324 [email protected]

Investors:

Vikram Kini

(414) 212-4753 [email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Engineering Other Manufacturing Manufacturing

MEDIA:

Logo
Logo