KNOWSEAFOOD TRANSFORMS THE WAY AMERICANS BUY SEAFOOD

Company launches the first nationwide direct-to-consumer online seafood market offering an array of sustainable and fully traceable seafood, authenticated by blockchain technology.

New Bedford, Mass, Dec. 01, 2020 (GLOBE NEWSWIRE) — New Bedford-based startup KnowSeafood is launching a game-changing direct-to-consumer online seafood market using blockchain technology to bring traceability and trust to the seafood chain. American consumers can now purchase a variety of sustainable, natural seafood and track it from the moment it’s caught or landed to the moment it’s delivered to their door. 

In the U.S., seafood typically goes through an average of four to seven middlemen before it arrives in grocery stores, and 90% is imported. But as much as half of that is actually American-caught seafood being reimported to the U.S. after being processed overseas—often in China or Southeast Asia. Such a long and complicated supply chain inevitably leads to more middlemen with no way to trace its provenance. This often results in mislabeling and rampant fish fraud—for example, 25 percent of seafood in New York stores was mislabeled, according to an investigation by the state’s Attorney General. 

KnowSeafood builds traceability into the food chain by cutting out the middlemen and working directly with trusted global harvesters who share the same high sustainability standards. Each piece of fish is shipped directly from trusted harvesters to KnowSeafood to the consumer, removing middlemen and opportunities for mislabeling. Every harvester is required to adopt the use of blockchain technology, which further ensures traceability and provides the end consumer with complete transparency. 

Innovative blockchain technology from VeChain underpins KnowSeafood’s sustainability and traceability guarantee. KnowSeafood supply partners upload harvesting, processing, and shipping information using VeChain ToolChain; the data is immutable and cannot be changed, ensuring every detail of when and where it was caught, processed, and shipped is accurately recorded, building trust directly into the food chain. 

KnowSeafood works only with fisheries who maintain the highest sustainability standards, are committed to environmental protection and are actively engaged in corporate social responsibility initiatives. Blockchain technology paired with StoryBird supply chain transparency application software provides consumers with interactive profiles of the fishermen, details their sustainability practices, maps out the exact location of the harvest, and reports the time and date when the seafood was landed, processed, shipped, and delivered. Consumers concerned about fish fraud, the use of additives and preservatives, and unsustainable fishing methods now KnowWho, KnowWhen, KnowHow, and KnowWhere their seafood came from even before they buy. 

The harvesters inspect, grade, process, and pack their seafood into KnowSeafood customized individual portions and then flash freeze it at -40°c to -80°c, all within hours of being landed at the dock. KnowSeafood ensures all of its seafood is frozen only once—which guarantees phenomenal quality and avoids the degradation in flavor and texture that typically occurs when seafood is iced, thawed, and frozen multiple times. The only time KnowSeafood is thawed is when it’s safely in the consumer’s home and ready to be cooked. What’s more, KnowSeafood is all-natural, with no additives or preservatives, and comes with a 100% happiness guarantee. 

The company is making serious commitments to combat climate change and help protect the environment, starting with its net-zero carbon emissions cold storage facility in New Bedford, Mass. From there, orders are shipped to customers exclusively in Vericool boxes—made with 100% compostable insulation and 100% recyclable materials. 

KnowSeafood enables consumers to buy sustainable and fully traceable seafood from world-class suppliers of the freshest, highest-quality varieties including scallops, tuna, lobster, haddock, shrimp, mahi-mahi, sea bass, halibut, sablefish, and salmon. Suppliers include: 

Aurora Salmon from Lerøy. Sushi-grade salmon raised under the Aurora Borealis in the arctic fjords of Norway on a diet of natural marine algae oils, including one grown here in the U.S.A. These oils are the richest source of EPA & DHA Omega 3—the two key types of healthy Omega 3s that are only found in fish and seafood. Using algal oil promotes marine biodiversity and makes salmon more sustainable by reducing the wild-caught fish used as salmon feed.

Nordic Wild Sea Scallops from Nordic Inc, New Bedford, MA.  Natural, wild, hand-shucked sea scallops strictly from US North Atlantic waters. Owned and operated by Dan & Daneen Eilertsen, this fleet of six scallopers is the pride of New Bedford. It’s also Marine Stewardship Council (MSC)-certified, which ensures its fishing practices do not diminish wild fish populations or the ecosystem they’re part of. Never treated with additives, their scallops are on ice within 90 minutes of being landed, and you can taste the difference a family’s pride makes.

Rocky Coast Lobster Tails from Owls Head, Maine. These lobsters are harvested

in the morning and brought to the dock the same day by independently owned day boats working off the coast of Owls Head Maine. The cold and pristine waters around Owls Head are famous for their rich and diverse ecosystem that produces some of the world’s best-tasting lobsters, while strict regulations limiting the number of pots, crew, and minimum/maximum size of the catch ensure the sustainability of the fishery.

Plus: 

Artesean’s Diver Caught Bay Scallops—SeaCorp, Peru

Harvest of the Sea Shrimp –Harvest of the Sea, India/Vietnam

Maldhoni Tuna – Maldives Quality Seafood Inc., Maldives/Sri Lanka

Oceano Mahi Mahi – Oceano Seafood, Peru

PezCo Rainbow Trout – PezCo Aquafarming, Colombia

Royal Greenland Chilean Sea Bass – Royal Greenland, Chile

Royal Greenland Cold Water Cooked Shrimp — Royal Greenland, The Maritimes, Canada

Alaska Gold Halibut and Sablefish – Seafood Producers Cooperative Sitka, Alaska

                                                                                        ###

The co-founders of KnowSeafood, Daniel McQuade and Paul Neves, have a combined 50 years of experience in the seafood industry. Their mission at KnowSeafood: giving home chefs a direct connection to trusted harvesters of sustainable, natural, trusted, and traceable seafood while remaining fully committed to protecting the environment. They want to ensure the oceans and seas are alive and thriving for generations to come.  

About KnowSeafood

Founded by seafood industry veterans Paul Neves and Daniel McQuade, KnowSeafood is a startup based in New Bedford, MA, with offices in Raleigh, NC. KnowSeafood is the first direct-to-consumer online seafood market using blockchain technology to ensure transparency and traceability in its supply chain. Its mission is providing U.S. consumers with direct access to the best quality sustainable, natural seafood from a trusted network of global harvesters while working to protect the environment and ensure ocean biodiversity. It’s the first online seafood market to eliminate the middlemen and the risk of fish fraud and mislabeling, giving U.S. consumers a direct connection to sustainable harvesters from around the world and the ability to trace their seafood every step of the way from the ocean to the front door. From Norwegian salmon and Peruvian Mahi-Mahi to New Bedford, MA’s own wild scallops, KnowSeafood delivers trusted seafood with a proven provenance directly to the discerning home chef. 

Website:
https://bit.ly/KnowSeafood

Youtube:
https://bit.ly/KnowSeafoodIntro 

Contact: 

Daniel McQuade, CEO, KnowSeafood

[email protected]

+1.508.525.3477

Whitney Foard Small

[email protected]

+1.207.749.1314

About VeChain

Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI etc. 

Website: www.vechain.com 

Contact: [email protected] 

About StoryBird 

StoryBird is a storytelling application that educates consumers about the products they purchase. The app provides full transparency into a product’s supply chain from producer to consumer, utilizing media, content and blockchain traceability. StoryBird allows for consumers to connect directly with the producers of their products and each stakeholder in the supply chain to communicate their unique story. StoryBird is an application of Producers Market.

Website: storybird.co

Contact:
[email protected]

Daniel McQuade, 
Co-founder and CEO, KnowSeafood

Daniel McQuade is the Co-founder and CEO of KnowSeafood, a privately held direct-to-consumer seafood e-commerce platform that uses blockchain technology to ensure transparency and traceability in its supply chain.  KnowSeafood partners with a rigorously vetted group of global harvesters of sustainable, natural seafood in order to eliminate the middlemen and offer their products directly to the consumer.

Before founding KnowSeafood, Daniel successfully founded 3 companies and pioneered the first USDA-approved Natural Light Beef company. In 2019, Daniel worked directly with IBM FoodTrust to deliver the first fully integrated blockchain solution that allowed consumers to see the entire journey of their seafood from point of harvest to plate. Working off the success of that project and recognizing the consumer demand for traceability in the seafood supply chain, Daniel went on to co-found KnowSeafood. 

Since 2009, Daniel has been a counselor for the Columbia-Harlem Small Business Development Center at the Columbia Business School in NYC, where he helps entrepreneurs and small business ventures achieve next-stage growth. In 2013, he joined Venture for All, an affiliate of Columbia Business School, as a director and adjunct professor developing the frameworks for a suite of world-class business school programs. This global online initiative aims to enhance the entrepreneurial ecosystem in emerging markets through education and mentorship. 

Over the course of his career, Daniel has created, worked with, and volunteered with CSR and non-profit organizations in capacities ranging from founder, president, executive board member, and trustee, providing over $7 Million in grants to a wide range of non-profit institutions focusing on education, health, and wellness. 

Paul Neves, 
Co-founder and COO, KnowSeafood

Paul Neves is the Co-founder and COO of KnowSeafood, a privately held direct-to-consumer seafood e-commerce platform that uses blockchain technology to ensure transparency and traceability in its supply chain. KnowSeafood partners with a rigorously vetted group of global harvesters of sustainable, natural seafood in order to eliminate the middlemen and offer their products directly to the consumer.

The man behind the scenes, Paul is always looking for ways to improve process, and can usually be found elbow-deep in product, making sure it’s the best it can be for the end consumer. Born into the seafood industry, Paul represents the fourth generation of the Neves fishing family. He started his career unloading boats on the docks in New Bedford, Massachusetts, went on to manage seafood plants, and has founded or co-founded multiple companies. He learned from the bottom up, which is why he takes pride in building a strong team and sees the value of every member, no matter their position or title.

In 2006, Paul co-founded Oceans Alive Scallops, a company that cemented its reputation as a favorite among white tablecloth restaurants after chef Josiah Rosenberg won Season 5 of Bravo TV’s Top Chef using Oceans Alive Scallops. Oceans Alive was one of the original members of the American Scallop Association, which funded the research to establish the Atlantic Scallop fishery as a Marine Stewardship Council (MSC) certified fishery.  Sustainability has always been a priority, and Paul has been involved in everything from equipment design to use of byproducts and plant operation efficiencies.  

Attachments



Whitney Foard Small
KnowSeafood
+1.207.749.1314
[email protected]

Daniel McQuade
KnowSeafood
+1.508.525.3477
[email protected]

S&P Global Platts Launches Renewable Diesel Values in United States

New Renewable Diesel Assessments Support the Transport Sector’s Energy Transition

PR Newswire

HOUSTON and NEW YORK, Dec. 1, 2020 /PRNewswire/ — S&P Global Platts (“Platts”), the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced the launch of renewable diesel values for the Americas. These daily assessments bring transparency to a growing market as the transport and refining industry embraces the energy transition towards low-carbon intensive fuel.

Renewable diesel (also known as hydrotreated vegetable oil or “HVO” in Europe) is a biomass-derived transportation fuel suitable for use in diesel engines. Like biodiesel, renewable diesel is not a fossil fuel. Instead, it is made of nonpetroleum renewable resources such as natural fats, vegetable oils, and greases. These new prices follow Platts’ launch of Europe’s price references for HVO on August 17, 2020, and sustainable aviation fuel (SAF) prices for the Americas and Europe launched in the third quarter of 2020.


Ian Dudden, global pricing director, metals and agriculture, S&P Global Platts
, said: “Renewable diesel has never been more relevant to the US market given the ongoing transition to lower carbon intensity fuels. Platts daily renewable diesel prices bring transparency to a market poised to see exponential growth in the coming years, building on Platts long-standing position as the leading provider of biofuels benchmark price information.”

Platts has observed growing interest in renewable fuels across the transportation markets driven by the ongoing transition to lower carbon fuels. A series of announcements by refiners and other US-based companies highlight the expected increase in supply through expansion of existing facilities, conversion of oil refineries to renewable diesel facilities, co-processing renewable diesel at existing refineries, and construction of new plants.

“The US federal Renewable Fuel Standard (RFS), California Low Carbon Fuel Standard (LCFS) and Blenders’ Tax Credit (BTC) has supported the growth of the renewable diesel market and S&P Global Platts Analytics forecasts that global renewable diesel supply will exceed 3 billion gallons in 2023 and 5 billion gallons by 2025,” added Patricia Luis-Manso, head of agriculture & biofuels analytics, S&P Global Platts. “In the US, the layering of these credits has allowed for significant investments by refiners and other producers.”

The launch of the new Platts Americas renewable diesel values (named “Platts US West Coast RD”) follows active market engagement with producers, consumers, traders and others in the Americas oil and biofuel markets. The cost-based prices will be published from December 1, 2020, and will reflect the cost of renewable diesel produced from tallow via hydro-processing. The daily prices will be expressed in US dollars per gallon and reflect the production costs of renewable diesel for blending into diesel.

Physical market trading for renewable diesel has not yet reached sufficient volumes to support spot price assessments and, therefore, the cost-based methodology will be calculated by S&P Global Platts Analytics based on existing Platts assessments and other fixed costs. The renewable diesel inputs are costs of tallow and hydrogen, added to fixed renewable diesel fuel refinery costs, then deducting the by-products of gasoline and propane.

Platts will also publish US renewable diesel values that take into account environmental credits, by deducting the Renewable Identification Numbers under the US RFS, credits from the LCFS administered by the California Air Resources Board, and, when applicable, the US BTC.

S&P Global Platts is committed to reviewing its methodology specifications and assumptions on an ongoing basis as the renewable diesel market evolves and Platts will continue to engage with the marketplace.

The full subscriber note can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/120120-platts-launches-us-west-coast-rd-ex-refinery-prices

For the latest S&P Global Platts insight on the US Renewable Diesel market please see the Infographic here: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/110420-evolve-or-die-us-refiners-grasp-renewables-lifeline-to-stay-viable

Media Contacts:

Americas:
Kathleen Tanzy + 1 917-331-4607, [email protected]

About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil, gas, LNG, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/sp-global-platts-launches-renewable-diesel-values-in-united-states-301182686.html

SOURCE S&P Global Platts

The George Washington University Honored With Award of Excellence in Job Order Contracting

Greenville, SC, Dec. 01, 2020 (GLOBE NEWSWIRE) — Gordian, the leading provider of facility and construction cost data, software and expertise, announced that the George Washington University (GW) received the 2019 Harry H. Mellon Award of Excellence in Job Order Contracting (JOC) for interior renovations to Mitchell Hall. The honor for exemplary use of JOC included recognition of both GW and Centennial Contractors, Inc. due to the special circumstances surrounding this project which was identified, scoped and completed within 35 days.

“It’s an honor to present the Award of Excellence in Job Order Contracting to the George Washington University and Centennial,” said William Pollak, President of Gordian, during a virtual presentation of the award on Thursday, November 19. “Gordian evaluated submissions for the 2019 Harry H. Mellon Awards. GW’s renovation project was selected as the winner based on innovation, use of Job Order Contracting principles, scope of work, special circumstances and time savings.”

The project began in the Spring of 2019, when GW recognized the condition of the highly trafficked Mitchell Hall corridors needed urgent upgrades and decided to use some of its deferred maintenance budget to make necessary improvements before the fall semester. With less than 45 days before the new fall semester began, and the hall fully occupied by summer program students, GW turned to Job Order Contracting for this time-sensitive project. JOC is an Indefinite Delivery Indefinite Quantity (IDIQ) construction delivery method that allows many projects to be completed through a single, competitively awarded contract. The awarded JOC contractor, Centennial, was able to complete the renovations to all nine floors, which included replacing fluorescent lighting with energy-efficient LED lighting, upgrading interior finishes and unexpected mold remediation, in just 35 days.

In addition to awarding GW with the Award of Excellence, the following Award of Merit Winners have been recognized for demonstrating Job Order Contracting best practices:

Tri-C’s Winter Break Touch Screen Swap Out

Agency: Cuyahoga Community College
Contractor: FOTI Contracting

To provide an interactive classroom experience for students and better teaching functionality for instructors, Cuyahoga Community College (Tri-C)’s Media department initiated a project to swap out existing audiovisual equipment over winter break. Due to the project’s unique scope of work and expedited timeline, the College decided to utilize Job Order Contracting to complete the project. Tri-C purchased all the equipment, but the awarded contractor, FOTI Contracting, was responsible for storage, transportation and installation, in addition to providing all connections, installing new whiteboards and all wall touch-ups. Due to continuous coordination and the collaborative nature of JOC, the project was completed on time and the classrooms were ready for use when was the students and teachers returned from winter break.

Environmental Field Operations Office Space and Garage

Agency: Indiana National Guard – Camp Atterbury
Contractor: Wilhelm Construction

Camp Atterbury provides multi-domain military and law enforcement training opportunities for the Indiana National Guard and associated agencies. In the summer of 2019, the Environmental Field Operations department needed a new administrative building and a maintenance garage due to developments on the Himsel Army Airfield. This project was identified near the end of the fiscal calendar, so the project needed to be designed and priced and purchase orders issued within 42 working days. However, traditional construction procurement methods were taking up to nine months. The Indiana National Guard decided to utilize Job Order Contracting to simplify and expedite the procurement process, the project was designed and priced in six weeks and completed within seven months.

Reroute Storm Sewer Around Historic Post Cemetery

Agency: U.S. Army Garrison Fort Riley
Contractor: Olgoonik Diversified Services

Fort Riley needed to reroute the storm sewer around the historic Main Post Cemetery to accommodate stormwater runoff and modernize the drainage system for future sustainment. Original project estimates were nearly $5 million, so Fort Riley needed to figure out a more economical alternative. By leveraging in-house ingenuity and experience, Fort Riley was able to rescope the project and utilized their Job Order Contracting (known as SABER for the U.S. Air Force) program for transparent pricing and access to awarded contractor, Olgoonik Diversified Services. The collaborative partnership between Fort Riley, Gordian and Olgoonik Diversified Services reduced the project cost to just under $700,000, a savings of more than $4 million from original estimates.

About the Awards

The Harry H. Mellon Award of Excellence in Job Order Contracting is an annual award recognizing innovative uses of Job Order Contracting. Judging was conducted by a panel of Job Order Contracting experts and past award winners from all facets of the industry. Projects were judged on their adherence to Job Order Contracting principles, innovation, complexity, special circumstances and overall time and cost savings. In order to be eligible, projects had to be completed during 2019, and nominations were submitted by agency owners or contractors.

The award program is named for Harry H. Mellon, the creator of Job Order Contracting and co-founder of Gordian. Job Order Contracting is a competitively-bid construction procurement process used by building and infrastructure owners to save time and money by fast-tracking repair, renovation and alteration projects based on locally priced construction tasks and competitively awarded contracts.

 

About Gordian

Gordian (www.gordian.com) is the leader in facility and construction cost data, software and services for all phases of the building lifecycle. A pioneer of Job Order Contracting, Gordian’s solutions also include proprietary RSMeans data and Sightlines Facility Intelligence Solutions. From planning to design, procurement, construction and operations, Gordian’s solutions help clients maximize efficiency, optimize cost savings and increase building quality.



Sarah Huet de Guerville
Gordian
8644518036
[email protected]

Premium Brands Holdings Corporation Announces Completion of $230 Million Public Offering of Common Shares and $57.5 Million Concurrent Private Placement of Common Shares

Canada NewsWire

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

VANCOUVER, BC, Dec. 1, 2020 /CNW/ – Premium Brands Holdings Corporation (“Premium Brands” or the “Company”) (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful closing of the issue and sale of 2,358,650 common shares of the Company (the “Offered Shares”) at a price (the “Offering Price”) of $97.55 per Offered Share (including 307,650 common shares of the Company issued in connection with the exercise, in full, of the Underwriters’ (as defined below) over-allotment option) (the “Offering”).

The Offered Shares were offered to the public through a syndicate of underwriters which was co-led by Cormark Securities Inc., BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and Scotiabank, and included RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., Industrial Alliance Securities Inc., Merrill Lynch Canada Inc., and Wells Fargo Securities Canada, Ltd.  (collectively, the “Underwriters”).

Concurrent with the closing of the Offering, Premium Brands completed a private placement (the “Concurrent Private Placement”) of 590,000 common shares of the Company at the Offering Price with Canada Pension Plan Investment Board (“CPP Investments”) (including 77,000 common shares of the Company issued in connection with the exercise, in full, of CPP Investments’ additional share option), for aggregate gross proceeds to the Company of approximately $57.5 million. The common shares issued to CPP Investments pursuant to the Concurrent Private Placement will be subject to a four-month statutory hold period from the date of issue, subject to certain exempt trades permitted by applicable securities legislation. 

Premium Brands intends to use the net proceeds of the Offering and the Concurrent Private Placement to temporarily reduce indebtedness under Premium Brands’ revolving credit facility (the “Revolving Credit Facility”), which will then be drawn upon to fund the purchase price of Premium Brands’ previously-announced proposed acquisition of Clearwater Seafoods Incorporated (the “Clearwater Transaction”). If the Clearwater Transaction is not completed, Premium Brands intends to use the net proceeds of the Offering and the Concurrent Private Placement to reduce existing indebtedness under the Revolving Credit Facility, thereby increasing the amount available to be drawn under the Revolving Credit Facility, as required, to fund future potential strategic acquisitions and capital projects.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada, the United States and Italy.

Forward-Looking Statements

This press release contains forward looking statements with respect to the Company, including its business operations, strategy and financial performance and condition. Although management believes that the expectations reflected in such forward looking statements are reasonable and represent the Company’s internal expectations and belief as of the date hereof, such statements involve unknown risks and uncertainties beyond the Company’s control which may cause its actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements.

Forward looking statements generally can be identified by the use of forward looking words such as “may”, “could”, “should”, “would”, “will”, “expect”, “intend”, “plan”, “estimate”, “project”, “anticipate”, “believe” or “continue”, or the negative thereof or similar variations. These forward-looking statements include statements with respect to the Company’s intended use of the net proceeds of the Offering and the Concurrent Private Placement.

Some of the factors that could affect future results and could cause results to differ materially from those expressed in the forward-looking statements are outlined under Risk Factors in the Company’s final short form prospectus dated November 23, 2020 and under Risks and Uncertainties in the Company’s MD&A for the 13 and 39 weeks ended September 26, 2020 and for the 13 and 52 weeks ended December 28, 2019, each of which is filed electronically through SEDAR and is available online at www.sedar.com.

Assumptions used by the Company to develop forward looking statements contained in this press release are based on information currently available to the Company and include those assumptions outlined under Forward-Looking Information in the Company’s final short form prospectus dated November 23, 2020 and under Forward Looking Statements in the Company’s MD&A for the 13 and 39 weeks ended September 26, 2020 and for the 13 and 52 weeks ended December 28, 2019. Readers are cautioned that this information is not exhaustive.

Unless otherwise indicated, the forward looking statements in this document are made as of the date hereof and, except as required by applicable law, will not be publicly updated or revised. This cautionary statement expressly qualifies the forward looking statements in this press release.

SOURCE Premium Brands Holdings Corporation

Communications Systems, Inc. Appoints Anita Kumar as Chief Executive Officer

Communications Systems, Inc. Appoints Anita Kumar as Chief Executive Officer

MINNETONKA, Minn.–(BUSINESS WIRE)–
Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it has appointed Anita Kumar as its Chief Executive Officer, effective immediately. Ms. Kumar will also join CSI’s Board of Directors bringing the total number of members to six. As the new CEO, she succeeds Roger Lacey who will continue to serve as Executive Chairman of CSI’s Board of Directors.

Ms. Kumar joined CSI in 2011 and was promoted to General Manager of Transition Networks in 2019, where she led business operations and oversaw the Electronics & Software assets of CSI. Prior to joining CSI, she held positions in product management and software engineering at global organizations such as ADC, Nortel Networks, Lucent Technologies, AT&T and Ericsson-Raynet. Ms. Kumar has a Ph.D. from Ohio University in high energy particle physics and a B.S. from University of Mumbai.

Ms. Kumar noted, “I am honored to accept the role of CEO and excited to lead our Company into the next stage of corporate growth and expansion. Over the last several years we have gone through a significant transformation, made meaningful investments in the development of state-of-the-art solutions, aligned our resources towards high growth markets and focused our efforts on recurring and higher margin revenue sources. We are now well positioned to become a leading provider of secure, Never Down® solutions at the intelligent edge of networks. Our customers are looking to realize business benefits from data captured at the network edge and our goal is to provide them actionable insight through intuitive solutions and managed service offerings. I am confident that with our amazing, dedicated and talented team and our well-thought-out business strategy we will be able to capitalize on substantial new opportunities to expand our client base and grow our revenue.”

Ms. Kumar added, “I am looking forward to working closely with our outstanding leadership team, our Executive Chairman, Roger, and our board of directors to steer CSI toward new growth avenues and create long-term value for our shareholders.”

Mr. Lacey said, “We are delighted with the appointment of Anita and believe that she brings the right experience and skills needed to accelerate our scale and growth. As a member of our team for almost a decade, she has shown tremendous leadership capabilities and has a track record of producing exceptional results. As the Company’s Executive Chairman, I look forward in working closely with Anita and our board to leverage all of our combined knowledge and relationships towards a smooth transition, and at the same time ensure the continued success of the great business we have built over the years.”

About Communications Systems

Communications Systems, Inc., an IoT intelligent edge products and services company, provides network infrastructure and services for global deployments of enterprise and industrial networks. CSI operates under its Electronics & Software and Services & Support operating segments.

Electronics & Software segment provides smart, flexible solutions at network edge, by giving customers the ability to easily provision and proactively manage their networks with actionable insights about their edge devices and connected end points, thereby minimizing the administrative burden of the operator.

Services & Support segment provides fully managed services for all aspects of design, deployment, support and maintenance of customer networks.

With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service. CSI For more information visit: commsysinc.com.

Forward Looking Statement

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business. These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that the Company’s financial results in any particular period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Communications Systems, Inc.

Anita Kumar

Chief Executive Officer

952-996-1674

Roger H. D. Lacey

Executive Chair

952-996-1674

Mark D. Fandrich

Chief Financial Officer

952-582-6416 / [email protected]

The Equity Group Inc.

Lena Cati

Vice President

212-836-9611 / [email protected]

Devin Sullivan

Senior Vice President

212-836-9608 / [email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Networks Data Management Technology Telecommunications Software

MEDIA:

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Oshkosh Defense Receives $911 Million JLTV Order From U.S. Army

Oshkosh Defense Receives $911 Million JLTV Order From U.S. Army

OSHKOSH, Wis.–(BUSINESS WIRE)–
Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, announced today the U.S. Army Contracting Command, Detroit Arsenal has placed an order for 2,738 Joint Light Tactical Vehicles (JLTV), 1,001 companion trailers, and associated kits. The Oshkosh Defense JLTVs will be supplied to the U.S. Army, U.S. Navy, U.S. Marine Corps, and U.S. Air Force along with a select group of NATO and non-NATO allies. This is the second largest order of Oshkosh Defense JLTVs, with a contract value of $911 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005778/en/

The Oshkosh Defense JLTV (Photo: Business Wire)

The Oshkosh Defense JLTV (Photo: Business Wire)

The Oshkosh Defense JLTV is designed for the future battlefield with reconfiguration capabilities to meet the demands of the Warfighter’s evolving mission requirements. It offers the world’s only light tactical vehicle with the protection, off road mobility, network capability and firepower options to maneuver with combat formations.

“The men and women of Oshkosh Defense take great pride in what they do,” said George Mansfield, Vice President and General Manager of Joint Programs for Oshkosh Defense. “Designing, building, and delivering the world’s most capable light tactical vehicle, the Oshkosh JLTV, is one of our greatest accomplishments. And we plan to continue building the Oshkosh JLTV for many years to come.”

As part of this order, 59 vehicles will be delivered to NATO and non-NATO allies – including Lithuania, North Macedonia, and Brazil. As the industry-leading tactical vehicle manufacturer, Oshkosh Defense takes great pride in working with both domestic and international customers to give the Warfighter a necessary technological edge at the best price. Oshkosh Defense strives every day to meet or exceed our customers’ ever-changing needs with next-generation defense technologies and advanced mobility systems.

About Oshkosh Defense

Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles and mobility systems. As a pioneer of combat-ready vehicle solutions, Oshkosh develops and applies emerging technologies that advance troop safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle.

Oshkosh Defense, LLC is an Oshkosh Corporation company [NYSE: OSK].

Learn more about Oshkosh Defense at www.oshkoshdefense.com

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes’ advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs more than 14,000 team members worldwide, all united behind a common cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®, Oshkosh® Airport Products, CON-E-CO® and London™. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Alexandra Hittle, Director, Global Marketing and Communications

920-410-1929

[email protected]

KEYWORDS: Wisconsin United States North America

INDUSTRY KEYWORDS: Other Defense Contracts Off-Road Trucks & SUVs Law Enforcement/Emergency Services Automotive Defense Other Government Other Transport Trucking Transport Automotive Manufacturing Public Policy/Government Manufacturing

MEDIA:

Photo
Photo
The Oshkosh Defense JLTV (Photo: Business Wire)
Logo
Logo

GoProto expands their Industry 4.0 presence with the acquisitions of 3D Systems’ Australian facility and 3D scanning specialists WYSIWYG 3D, while also increasing additive manufacturing capacity at their North American facility

SAN DIEGO, Dec. 01, 2020 (GLOBE NEWSWIRE) — After receiving the highest ever ranking for an additive manufacturer on the Inc. 500 list of fastest growing private companies, GoProto has capitalized on this momentum by expanding even further into the digital manufacturing landscape. By acquiring 3D Systems’ Australian facility, the largest digital manufacturing service bureau in the region, as well as APAC-based 3D scanning and digitizing experts WYSIWYG 3D, GoProto has become the largest digital manufacturer in the Australian market.

Further emphasizing their global reach, GoProto’s North American facility has also installed two new HP 5210 Multi Jet Fusion printers. Adding these two high-productivity 3D printers to their existing six 4200 MJF printers increases their production capacity at that location by approximately 50%.

About the Acquisition
s

As of December 1st, 2020, GoProto has acquired 3D Systems’ Australian on-demand manufacturing facility, the largest 3D digital manufacturer in the APAC region. Located in Melbourne, Australia and commissioned just 2 years ago, the state-of-the-art facility houses a full range of 3D Systems production-ready 3D printers and a highly experienced management and operations team. This pivotal acquisition will accelerate GoProto’s strategy to become the largest Industry 4.0 player in the Australian market. Simon Marriott, Director at GoProto (ANZ) Pty Ltd. says:

“This acquisition is a significant leap forward in our growth plans for the region with an experienced management team that pioneered the introduction of 3D printing into APAC. The benefits to our manufacturing customers will be significant as they transition to Industry 4.0 and seek to build agile supply chains that are resilient to global influences.”

Earlier in November, GoProto also acquired WYSIWYG 3D to create a unified laser scanning and 3D entity focused on expansion in the digital manufacturing space. WYSIWYG 3D has been providing 3D scanning services since 2003 and will continue to provide the same quality laser scanning, photogrammetry and 3D CAD modelling service under the GoProto banner in Sydney. Shane Rolton, Managing Director at WYSIWYG 3D says:


W
e’ve already been working on a number of projects with GoProto. Combining our expertise and resources shortens the time lag between scan data and production, putting ourselves exactly where our customers need us.”

By adding this expertise to GoProto’s already expansive service portfolio, they enable a streamlined solution for every stage of the product development lifecycle, open up new opportunities for their combined customer base, and create a firm foundation for further expansion as an Industry 4.0 leader.

About the new HP 5210 Installations

With the installation of two new HP 5210 Multi Jet Fusion 3D printers at the San Diego, California manufacturing facility, GoProto increases the MJF install base at this location from six HP 4200 MJF printers to a total of eight. And with the HP 5210’s capable of 150% the output of a single 4200 printer, this increases production capacity at this site by approximately 50%. With this, they’ve also upped their build units from 30 to 34, ensuring 24/7 production capability on all eight MultiJet 3D printers.

This increased production capacity demonstrates GoProto’s drive to being a leader in the digital manufacturing space. And, with expanding facilities and capabilities within both Australia as well as North America, a commitment to the benefits of distributed manufacturing and Industry 4.0 principles.

Jesse Lea, President & CEO at GoProto says:


The current global supply chain structure has shifted during the pandemic. Companies are looking to minimize their risk in procuring production parts.  With our business model focusing on Industry 4.0 principles, expansion of capacities for domestic rapid manufacturing with the latest technologies and materials and the complete end-to-end service model, GoProto is ideally situated to help our customers with assurance of supply.

ABOUT
GoProto

GoProto specializes in quick-turn, on-demand, custom manufacturing. Offering end-to-end solutions for 3D printing / additive manufacturing, CNC machining, sheet metal, cast urethane, injection molding, and finishing. They are a rapid manufacturing company with customer service at their core. They help manufacture parts for product development customers in medical, aerospace, industrial, automotive, and many other industries. They utilize cutting edge technologies, methods, and the very best professionals to deliver 3D printed and conventionally manufactured parts fast, with world-class quality, and at a great value. GoProto’s manufacturing facilities are based in San Diego, California and Melbourne, Australia.

For more information

Please visit www.GoProto.com or our LinkedIn page at https://www.linkedin.com/company/goproto-inc.

Contact Information

For questions or more information on this release, please contact Kristin Mulherin at [email protected] or 503-705-7499. Kristin Mulherin (from AM-Cubed) is an authorized media resource for GoProto.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/daede292-c4ef-4986-b312-78cf2b7b3f5a



VivoPower International PLC Announces Successful Refinancing for its Wholly-Owned Subsidiaries in Australia

LONDON, Dec. 01, 2020 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR, the “Company”), is pleased to announce that its wholly-owned subsidiaries in Australia, J.A. Martin Electrical Pty Limited (“J.A. Martin”) and Kenshaw Electrical Pty Limited (“Kenshaw”), have successfully completed a refinancing of their funding facilities.

J.A. Martin has refinanced its funding lines with a 38% reduction in costs and more flexible terms that will enhance liquidity and ensure there is an appropriate financing platform in place to pursue growth over the next 3 to 5 years. In the meantime, Kenshaw has been able to retire its current working capital facilities out of surplus cash reserves, without compromising the ability to fund future growth.

Executive Chairman and CEO of VivoPower, Kevin Chin, commented, “Over the past 2 years, funding constraints and costs have hampered the ability for J.A. Martin and Kenshaw to fully capture all of their growth opportunities. VivoPower’s credit profile has however been strengthened by the successful oversubscribed equity raise of US$28.75 million completed in October and these are the first steps in reducing the costs and increasing the flexibility of financing facilities across the Company. As a result of stronger than expected interest, we have also accelerated our discussions with potential financiers globally in relation to establishing a proprietary lease finance program for Tembo e-LV B.V. (“Tembo”). We anticipate this will be a standalone, non-recourse facility that will enable Tembo’s customers to lease its light electric vehicles (“LEV”) in a seamless manner. It will be a key differentiator and enabler of LEV sales for Tembo and is consistent with the build out of our sustainable energy solution (“SES”) offering.”

About VivoPower

VivoPower is an international battery technology, electric vehicle, solar and critical power services company whose core purpose is to deliver sustainable energy solutions to its customers. VivoPower is a certified B Corporation and has operations in Australia, Canada, the United States and the United Kingdom.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.



Contact
Investor Relations
[email protected]

MiMedx Appoints Jack Howarth as Senior Vice President, Investor Relations

Experienced Healthcare Executive Will Expand Company’s Visibility Within the Financial Community

MARIETTA, Ga., Dec. 01, 2020 (GLOBE NEWSWIRE) — MiMedx Group, Inc. (NASDAQ: MDXG) (“MiMedx” or the “Company”), an industry leader in advanced wound care and a therapeutic biologics company, today announced the appointment of Jack Howarth as Senior Vice President of Investor Relations. Mr. Howarth brings to MiMedx 25 years of public relations and financial communications experience and almost 40 years of experience in the medical device and pharmaceutical industry.

“The advanced wound care market is growing and we aim to continue expanding our market leadership, while raising the bar on communicating the nuances of its evolution from a regulatory standpoint. This coupled with our return to Nasdaq and important milestones for our late-stage pipeline, reinforces the need for timely and compelling communications with the investment community,” said Timothy R. Wright, MiMedx Chief Executive Officer. “Jack Howarth brings extensive experience in life science investor relations to MiMedx demonstrating our commitment to communications as a core corporate responsibility.”

“MiMedx is poised to advance the wound-healing category and champion the pressing demands of people with unmet medical needs. It’s a privilege to join at this moment, as the company reemerges – renewing its category leadership and reinforcing the importance of its pipeline of healing products,” said Mr. Howarth.

About Jack Howarth

Mr. Howarth joins MiMedx from Antares Pharmaceuticals, where he served as Vice President, Corporate Affairs. Previously, he served as head of corporate and investor relations at King Pharmaceuticals until the acquisition by Pfizer; and held senior leadership positions in Corporate Affairs at Alpharma, KOS Pharmaceuticals and Elan Corporation. Mr. Howarth also held senior positions in finance and corporate development during his nearly two decades at Warner Lambert Company, until that company was acquired by Pfizer in June of 2000.

Mr. Howarth received his B.S. degree in Accounting from Boston College and M.B.A. in Finance from Seton Hall University. He also earned baccalaureate and post-graduate certificates from the Rutgers Institute of Management and Labor Relations and The Wharton School at the University of Pennsylvania.

About MiMedx

MiMedx® is an industry leader in advanced wound care and a therapeutic biologics company developing and distributing human placental tissue allografts with patent-protected processes for multiple sectors of healthcare. The Company processes the human placental tissue utilizing its proprietary PURION® process methodology, among other processes, to produce allografts by employing aseptic processing techniques in addition to terminal sterilization. MiMedx has supplied over 2 million allografts, through both direct and consignment shipments. For additional information, please visit www.mimedx.com.

Contact                                                
Jack Howarth
Investor Relations
770.651.9066
[email protected]



BoxVn Closes Key, Accretive Logistics Acquisition

  • Transaction
    raises
    BoxVn
    ’s profile
    in
    the
    critical logistics
    and delivery
    industr
    ies

  • Deal is valued at $3.1M and BoxVn paid a combination of cash and stock

  • Hitra immediately adds revenue and the deal will be accretive to BoxVn in 2021

LONDON, Dec. 01, 2020 (GLOBE NEWSWIRE) — BoxVn Limited (OTCPINK:VCEX), an emerging leader in the fast-growing Driver and Light Commercial Vehicle (LCV) supply segment of the logistics industry, is pleased to announce that further to our news release dated November 5th 2020, BoxVn has completed its acquisition of Highway Transport Group Ltd (Hitra). BoxVn leadership views this transaction as transformative for the company. By integrating Hitra’s strengths and capabilities, this deal catapults BoxVn into a key player in the critical, logistics industry. Moreover, this combination gives the company a strategic springboard with which to enhance our growing position in the delivery market.

Transaction
Highlights

  • Management and fleet teams will integrate long distance, two-man, white glove, and multi-drop routes into the BoxVn Framework.
  • The transaction is valued at $3.1M including payment of $1M in cash and the balance ($2.1M) in VCEX stock to Hitra Managing Director Michael McGovern.
  • Hitra deal enhances BoxVn’s growth profile. The combined companies offer the ability to quickly expand existing Hitra partnerships with more vehicles and people.
  • The acquisition immediately expands our offerings, could add $1,000,000 in revenue in 2021 and be accretive to BoxVn earnings.
  • BoxVn adds best-in-class talent which should lead to complementary synergies in the combined management and technical teams, strengthened by supply chain expertise.

James Gilzean, CEO of BoxVn, said, “We are delighted to welcome the Hitra team into the BoxVn family. We are now more than ever uniquely positioned to capitalize on tremendous growth opportunities in the logistics industry. Combining our fleet and driver management solutions with Hitra’s logistics expertise should have a significant impact in how we grow our business going forward.”

About BoxVn Limited

BoxVn Limited started as a small recruitment business and quickly evolved into a driver and Light Commercial Vehicle (LCV) supply business offering services so unique that it has revolutionized flexible vehicle supply, unemployment and the driver recruitment life cycle to provide a dependable and integral service to one of the biggest and fastest growing sectors in the world, Our core business is the supply of Light Commercial Vehicles to logistics businesses on a flexible and medium-term basis, and is designed to serve logistics businesses and drivers first with a non-traditional approach offering a high-level of service at an affordable price point. For more information, please visit www.boxvn.co.uk.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans,
expectations,
or intentions regarding the future. Such forward-looking statements include, among other things, filing patent applications, product development, and business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans,
expectations,
or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in BoxVn periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information:
   
For the Company
James Gilzean
Managing Director
[email protected]
+44 (0) 203 553 5353
For Investor Relations
Stan Wunderlich
Launchpad IR
[email protected]
1-800-625-2236