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Versus Systems Partners with Sparx Technology for Rewards in Live Television Events

LOS ANGELES, Dec. 03, 2020 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus”) (CSE:VS) (OTCQB:VRSSF) (FRANKFURT:BMVA) today signed a multi-year Strategic Alliance Agreement (the “Agreement”) with Sparx Technology Inc. (“Sparx”) to add Versus’ patented real-world prizing platform to the Sparx Participation Platform – a second-screen engagement tool used by global brands, events, and teams from the NFL, the NBA, the NHL, and MLB and more. The Sparx platform also works with networks and broadcast TV clients including NBC, ABC, Disney, and CNN.

Sparx plans to use Versus’ patented rewards and engagement engine to incentivize audiences and fans to play predictive, polling, and trivia games either at-home or in-venue, before or during the live event. The agreement outlines the co-development of tools for reality TV, awards shows, and live-streaming events. Sparx has worked on the U.S. Presidential Election, the Academy Awards, Big Brother Australia, the Miss Universe Pageant and more.

The two companies plan to have their co-developed products available in early 2021.


About


Sparx


, Inc.

Sparx is the global leader in real-time audience engagement. Their platform engages fans with predictive games, trivia, voting, and polling during live or recorded programming and events.

Sparx has worked with NBC & NBC Sports, ABC, ESPN, The Disney Channel, The Academy Awards, NESN Sports, Jacksonville Jaguars, Big Brother Australia, Club Atlético Boca Juniors in Argentina, and many others.

For further information, please contact:

Alan Thorgeirson, Chief Executive Officer
Tel: 403-471-3503
Email: [email protected] 


About Versus Systems

Versus Systems has developed a proprietary in-game prizing and promotions engine that allows game publishers and developers to offer in-game and in-app prizing across mobile, console, PC games, and streaming media. Brands pay to place products in-game and gamers compete for those prizes. For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.

For Versus Systems, contact:

Cody Slach, Sean McGowan
Gateway Investor Relations
949-574-3860
[email protected] 
or
[email protected] 


Disclaimer for Forward-Looking Information 

This news release contains certain forward-looking information and forward-looking statements within the meaning of the
applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves d
iscussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not
anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be a
chieved)
, including the statement that
Sparx and the Company
estimate that their co-developed products will be available in early 2021,
are not statements of historical fact and may be forward looking statements. These forward-looking statements are based
on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in th
is news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may
be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the mate
rial factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as requi
red by applicable law. 

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release.



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Diamyd Medical with MainlyAI and KTH awarded VINNOVA funding for AI driven sustainable production

PR Newswire

STOCKHOLM, Dec. 3, 2020 /PRNewswire/ — Diamyd Medical together with MainlyAI AB and KTH Royal Institute of Technology have been awarded funding by the Swedish Governmental Innovation Agency VINNOVA for a project that will design, test and build a sustainability framework powered by artificial intelligence (AI) for Diamyd Medical’s production facility in Umeå, Sweden.

The project ALISTAIR (Artificial Intelligence for Sustainable Production), with a total funding of 13 MSEK including in-kind contribution, is part of the VINNOVA program “AI in service of the climate”. The project will study how AI technologies can be applied to (i) reduce greenhouse gas emissions of production plants, and (ii) support decision-making and trade-offs when controlling production plants with regards to vital parameters such as production speed, employee wellbeing, sustainability goals and waste management. The ultimate goal of the project is to present techniques and strategies general enough to be applied and scaled up in production facilities across industries.

Within the scope of the ALISTAIR project, there is a unique opportunity to design, implement, and evaluate the project results to the brand-new drug production facility being setup by Diamyd Medical in Umeå, the Capital of Västerbotten County in Sweden. The new plant will as a first priority produce recombinant GAD65, the active pharmaceutical ingredient in the therapeutic diabetes vaccine Diamyd® currently in late-stage clinical development. The 10,000 square feet site, comprising of clean rooms, laboratory facilities and office space, will facilitate full control, predictability and scalability of the production technology of the active ingredient.

“We are very glad to have this opportunity to work with recognized experts within the field of both AI and sustainable production”, says Ulf Hannelius, CEO of Diamyd Medical. “This project will directly support both the development of our production facility as well as enable data driven decision making and sustainability thinking in our operational work as we grow as a company.”

“We look forward to apply modern AI techniques and to further develop our AI solutions in the service of the climate to minimize the greenhouse gas emission of Diamyd Medical’s new production plant in Umeå”, says Elena Fersman, Adjunct Professor at KTH and Chairman of MainlyAI.

“This is a fantastic project focusing on designing a new sustainable and circular production plant in Umeå already from the start with the use of digitalization and AI as the enabler, says Monica Bellgran, Professor in Production Management, Director of KTH Research Platform `Industrial Transformation’. “It is a quite unique opportunity we don’t see that often in Sweden, and from KTH we are delighted to be part of the consortium together with Diamyd Medical and MainlyAI. Thanks to the funding from VINNOVA we believe that Diamyd Medical’s production facility can be a great showcase demonstrating how AI contributes to sustainable production”.

About MainlyAI

MainlyAI is a research and technology-based company with the objective to allow for businesses to share data and insights in a safe and privacy preserving way and hence speeding up and democratizing the introduction of AI technologies. The approach of MainlyAI is centered around a platform as a service with an API providing a knowledge database of data and insights, and services simplifying the data/insight access and adoption of AI technologies for business.

About KTH Royal Institute of Technology’s participation in the project

Researchers from two departments at KTH; Machine Design (lead by Professor Martin Törngren), and Sustainable Production Development (Lead by Professor Monica Bellgran), will participate in the new research project.  

About Diamyd Medical

Diamyd Medical develops therapies for type 1 diabetes. The diabetes vaccine Diamyd® is an antigen-specific immunotherapy for the preservation of endogenous insulin production. Significant results have been shown in a genetically predefined patient group in a large-scale meta-study as well as in the Company’s European Phase IIb trial DIAGNODE-2, where the diabetes vaccine is administered directly into a lymph node in children and young adults with newly diagnosed type 1 diabetes. A new facility for vaccine manufacturing is being set up in Umeå for the manufacture of recombinant GAD65, the active ingredient in the therapeutic diabetes vaccine Diamyd®. Diamyd Medical also develops the GABA-based investigational drug Remygen® as a therapy for regeneration of endogenous insulin production and to improve hormonal response to hypoglycaemia. An investigator-initiated Remygen® trial in patients living with type 1 diabetes for more than five years is ongoing at Uppsala University Hospital. Diamyd Medical is one of the major shareholders in the stem cell company NextCell Pharma AB.

Diamyd Medical’s B-share is traded on Nasdaq First North Growth Market under the ticker DMYD B. FNCA Sweden AB is the Company’s Certified Adviser; phone: +46 8-528 00 399, e-mail: [email protected]

CONTACT:

For further information, please contact:

Ulf Hannelius, President and CEO
Phone: +46 736 35 42 41
E-mail: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/diamyd-medical-ab/r/diamyd-medical-with-mainlyai-and-kth-awarded-vinnova-funding-for-ai-driven-sustainable-production,c3248280

The following files are available for download:

 

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SOURCE Diamyd Medical AB

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IBM Helps Support ABB’s Procurement Digitization with The Launch of SmartBuy: A New Program Using SAP® Ariba® Solutions

SmartBuy, designed and implemented by IBM can help drive business value and provide a fast, intuitive experience for ABB’s employees and suppliers

PR Newswire

ARMONK, N.Y., Dec. 3, 2020 /PRNewswire/ — IBM (NYSE: IBM) today announced that it has been contracted by global technology company, ABB, to help support its procurement digitization journey with the launch of SmartBuy, a newly designed end-to-end employee purchasing program that aims to match the ease of on-line shopping with the intuitiveness and speed of a search engine. The solution is designed to also be tasked with automating the process of finding, procuring and managing ABB’s supplier network, with services like self-registration and contract processes.

“We wanted to transform our eProcurement processes to drive business value and create a better experience for our user community and suppliers while avoiding the need for major training and allowing for an increased level of self-service,” said Daniel Stumm, ABB’s Head of Indirect Procurement. “Along with IBM’s industry experience and guidance, we chose SAP Ariba solutions because we believe in their ability to help elevate our procurement function and support our longer-term business objectives.”

On the journey to becoming a true cognitive enterprise – automating business processes and workflows – organizations like ABB are increasingly looking to modernize their Enterprise Resource Planning (ERP) systems, which can lack the maturity and the flexibility needed to support rapid business growth. By building intelligence directly into their enterprise systems, the foundation is set to apply technologies like AI and blockchain in the future, to help unlock new value for customers.

With SAP® Ariba® solutions at its core, SmartBuy is designed to help provide ABB employees with an enhanced self-service method to purchase indirect materials and services, guiding users to preferred suppliers, processes and policies. SmartBuy provides 24/7 support with an intuitive, single, self-service interface for ABB’s employees and suppliers across the globe, creating a seamless experience that also aligns with ABB corporate policies.

ABB tapped IBM Services, which was recently named a leader in the Gartner Magic Quadrant for SAP S/4HANA Application Services, to help design and implement SmartBuy. IBM has completed more than 5,500 successful SAP projects and helped more than 400 businesses transform their enterprise systems with SAP S/4HANA. Its long-standing relationship and experience with SAP solutions helped enable implementation of the new tool.

“At IBM, we believe that there is more to an eProcurement solution than just cost savings, we’re also focused on security and user experience. With SmartBuy, ABB can tap into the power of AI to help remove manual error-prone repetitive tasks and long search times for products and manufacturers, allowing procurement resources to focus on more strategic operations,” said Neil McCormack, managing partner – Geo Leader, IBM Services EMEA. “And while running SAP Ariba solutions in a hybrid cloud environment, we’re able to make ABB’s systems and processes more intelligent without sacrificing existing security controls.”

For more information about IBM’s SAP services, visit https://www.ibm.com/services/sap. 

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

Contact

External Relations, IBM Services

Tricia Vuiton
Phone: 1-914-765-4980
Mobile:1-845-490-7582
E-mail: [email protected]

 

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SOURCE IBM

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Piaggio Group, Manufacturer of the Vespa Scooter, Selects IBM To Improve Interoperability and Efficiency at Its Global Plants

IBM Services completes migration to SAP S/4HANA during the pandemic, supporting Piaggio’s digital transformation journey

PR Newswire

ARMONK, N.Y. and MILAN, Dec. 3, 2020 /PRNewswire/ — IBM (NYSE: IBM) and The Piaggio Group (PIA.MI), European leader and one of the main world players in the scooter and motorcycle market, also active in the field of robotics with the production of ground drones, have announced the completion of an international project to transition Piaggio’s management applications to SAP S/4HANA. The solution will accelerate and simplify internal processes such as providing its employees with more effective and faster order management tools and delivering more flexibility for its clients’ service requests.

The Piaggio Group has focused on combining processes through the upgrade of the common and integrated application infrastructure, at its six industrial hubs around the world: four in Italy, one in India and one in Vietnam, where it has production and commercial activities.  The upgrade to SAP S/4HANA will provide a centralized view of information, allowing Piaggio to analyze management and economic data in real time, on any device, even on the move, offering the end user different tools to analyze data independently and simulate alternative scenarios.

“We have laid the foundations for the rapid and constant evolution of our processes and for further future digitization of the most important business processes, in support of internal functions, collaboration with strategic partners and the sales network,” commented Vittorio Boero, Chief Information Officer of the Piaggio Group. “This evolution will take place according to a development plan that we have designed with the aim of bringing tangible and significant benefits to the business through a constant improvement approach.”

Started in the first quarter of 2020, the migration process was carried out by IBM, while dealing with the challenges of social distancing requirements due to the Covid-19 pandemic, with the progressive consolidation taking place by the end of June. The project was completed and met all set targets despite the operational hurdles of testing and production start-up in the three countries with remote, rather than on-site, support.

In order to pursue the international growth objectives of its business, Piaggio needed to complete the project safely and on time and to ensure that the new system would start before the beginning of the high sales season. Their choice of IBM Services was motivated by its extensive and proven expertise, both in applications on the new SAP S/4HANA technology and in the industry.  More than 20 years ago, IBM Services carried out the SAP R/3 installation project for Piaggio and successfully completed the conversion project taking full advantage of the new and efficient features of the management system that combines the transactions of an ERP with emerging technologies. The project represents the first step of an evolutionary path that projects Piaggio towards the dimension of a cognitive enterprise, i.e. a company capable of making the best use of internal and external data to support business strategies and choices.

“From the design of the first Vespa to the present day, Piaggio has always shown that it believes in the driving force of innovation and human capital to face and overcome the challenges of the market. Even during the pandemic, Piaggio continued its transformation path to become a cognitive enterprise, capable of making the best use of technology to improve efficiency and competitiveness,” said Luigi Menzio, Services Executive Partner, IBM Italia. “IBM is proud to have supported a company that is a symbol of Italian excellence in safely completing its international migration project to SAP S/4HANA at a fast pace and despite the limits imposed by the lockdown.”

PIAGGIO GROUP
Founded in 1884, the Piaggio Group is Europe’s largest scooter and motorcycle manufacturer and one of the world’s leading players in this sector. Piaggio (PIA.MI), listed on the Italian Stock Exchange since 2006, has been controlled by Immsi S.p.A. since 2003. (IMS.MI), an industrial holding company also listed on the Italian Stock Exchange. The Piaggio Group’s business is divided into three distinct areas: 2-wheelers, light commercial vehicles and the robotics division with Piaggio Fast Forward (PFF). The Group’s brands include Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, Ape and Piaggio Commercial Vehicles. The Piaggio Group has over 6,600 employees and a global distribution in over 100 countries. There are seven industrial centres, four of which are in Italy, one in India, one in Vietnam and one in Boston, where the Gita ground drone is produced. The Group has four Research and Development centers, in which about 1,000 people are involved.
https://piaggiogroup.com  

IBM
For more information about IBM’s SAP services, visit https://www.ibm.com/services/sap. 

Contacts

External Relations, IBM Services

Tricia Vuiton
Phone: 1-914-765-4980
Mobile:1-845-490-7582
E-mail: [email protected]

External Relations, IBM Italia


Claudia Ruffini

Mobile: +39 335 6325093
E-mail: [email protected]

 

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SOURCE IBM

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Clarivate Awards Restricted Share Units to Global Workforce

PR Newswire

Introduces unique rewards program based on Customer Delight survey score

LONDON, Dec. 3, 2020 /PRNewswire/ — Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that it has introduced a unique colleague retention program, awarding its global workforce restricted share units (RSUs) based on the company’s customer satisfaction survey score.

“We firmly believe that all colleagues should have an opportunity to earn shares in Clarivate and participate in our company’s success and I’m especially proud to be able to roll out this program in such an extraordinary year,” said Jerre Stead, Executive Chairman and CEO, Clarivate. “Our people are our most valuable assets and need to be treated as such. By basing the rewards program on our Customer Delight score, we are connecting the success of our customers with the success of our colleagues and company.  It creates a powerful and virtuous circle for long-term success.”

Basing the grant value on the Customer Delight score aligns with the company’s business strategy to deliver great customer experiences, engaging colleagues and providing sustainable rewards to retain talent and build an organization for the future. The program translates into a $2,000 RSU grant to nearly 5,000 full time colleagues, and it has been implemented worldwide.

Stead concluded, “Everyone contributes to our success and everyone can now become a shareholder and participate in creating long term value for Clarivate and themselves. We believe that human ingenuity will make the world a better place and by creating this unique program, we show that ingenuity and innovation begins at home.”

About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the lifecycle of innovation. Our bold mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.

Media contact

Tabita Seagrave, Global Head of Corporate Communications
[email protected]

 

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SOURCE Clarivate Plc

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ADVA and 6WIND deliver complete uCPE solution with high-performance routing

ADVA and 6WIND deliver complete uCPE solution with high-performance routing

News summary:

  • ADVA partnering with 6WIND to offer embedded virtual routing and security in Ensemble solution
  • Customers can now deploy comprehensive, lightweight and future-proof uCPE with 6WIND Turbo Router
  • Joint solution already selected by smart city operator WiTCOM

MUNICH–(BUSINESS WIRE)–
ADVA (FSE) today announced a partnership with 6WIND to deliver a high-performance and lightweight uCPE solution. Built on ADVA’s Ensemble Connector and including 6WIND routing technology, the offering provides communication service providers (CSPs) and enterprises with a complete uCPE platform. Now customers can deploy a comprehensive access solution optimized for edge cloud architecture that offers new levels of efficiency as well as future-proof scalability. The joint solution has already been selected by the German CSP WiTCOM to power its edge cloud smart city initiative, enabling services including IoT, traffic control and surveillance.

“We’re joining forces with ADVA to build on our industry-leading position in uCPE. The partnership augments our current uCPE infrastructure offering with targeted applications that focus on providing complete, end-to-end networking and hosting capabilities,” said Julien Dahan, CEO, 6WIND. “With the embedding of our high-performance, ready-to-use software router, ADVA’s Ensemble Connector now has native support for advanced routing capabilities, including various routing protocols, Layer 2 encapsulation, IP networking, high-availability, security, and QoS options. What’s more, our Next-Generation Security Gateway solution enables secure VPNs on white box servers at competitive costs when compared to legacy hardware systems.”

With the integration of 6WIND, ADVA now has the ability to easily enable advanced routing functionality as part of the initial Ensemble Connector deployment. This eliminates the need to treat the Turbo Router as an off-board virtual network function (VNF) that would be orchestrated by an external MANO platform. The initial configuration of the Turbo Router will be handled via integrated templates driven by Ensemble Virtualization Director. Ensemble Virtualization Director is also responsible for providing ongoing management of the Turbo Router installation, including telemetry, logs and alarm event collection.

“This partnership with 6WIND gives our customers an optimized solution for deploying access uCPE platforms on white box servers. And this solution is complete because no additional software is needed for routing applications,” commented Brian Protiva, CEO, ADVA. “Even better, the Ensemble Connector base software retains its openness and operational benefits. An initial deployment can later be upgraded in place to add additional capabilities. That includes other VNFs as well as end-user applications. And with Ensemble Connector providing access to the market’s widest variety of onboarded commercial VNFs, customers have a lot of options for growth and innovation.”

About ADVA

ADVA is a company founded on innovation and focused on helping our customers succeed. Our technology forms the building blocks of a shared digital future and empowers networks across the globe. We’re continually developing breakthrough hardware and software that leads the networking industry and creates new business opportunities. It’s these open connectivity solutions that enable our customers to deliver the cloud and mobile services that are vital to today’s society and for imagining new tomorrows. Together, we’re building a truly connected and sustainable future. For more information on how we can help you, please visit us at www.adva.com.

Published by:

ADVA Optical Networking SE, Munich, Germany

www.adva.com

For press:

Gareth Spence

t +44 1904 699 358

[email protected]

For investors:

Stephan Rettenberger

t +49 89 890 665 854

[email protected]

KEYWORDS: Germany Europe

INDUSTRY KEYWORDS: Technology Mobile/Wireless Finance Security Professional Services Software Networks Internet Hardware

MEDIA:

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Royal Dutch Shell advance notice of Q4 2020 results announcement

ROYAL DUTCH SHELL PLC

Notice of Results

The Hague, December 3rd 2020   – On Thursday February 4th 2021 at 07:00 GMT (08:00 CET and 02:00 EST) Royal Dutch Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2020.

These announcements will be available on http://www.shell.com/investors.

For enquiries please contact:  
Shell Media Relations: +44 (0)207 934 5550                                  
Shell Investor Relations: [email protected]



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Global Warming Solutions Inc enters highly profitable electric vehicle conversion markets

Jacksonville, Florida, Dec. 03, 2020 (GLOBE NEWSWIRE) — Global Warming Solutions Inc., (OTC MARKETS: GWSO), through It’s fully owned subsidiary: Alterna Motors, LLC. announced today that it has entered the lucrative EV conversion market with a cost-effective retrofitting solution for e-mobility.
Alterna Motors is partnering with European based; Classic Electro LLC., to install universal electric kits that will transform conventional cars into EV’s.
“We have been looking for a strategic partnership in Eastern Europe for quite some time now and have finally found it. The transportation sector is the largest producer of greenhouse gases, and the rise of electric cars will help to combat this. The German government wants to establish themselves as the leading supplier of electric mobility. California is also set to phase out the sale of all gasoline-powered vehicles by 2035 in a bid to lead the U.S. in reducing greenhouse gas emissions by encouraging the state’s drivers to switch to electric cars. Also, the U.K. plans to ban sales of gasoline- and diesel-powered passenger cars in 2035.
The French government is currently planning to eliminate gas and diesel cars by 2040. Norway has also aimed to do the same in 2025.  Trying to build an electric car company requires a lot of time and money. The retrofitting of certain model passenger cars and commercial fleets, as well as vintage cars, is an intelligent and quicker way to enter the industry. That’s why we have chosen Classic Electro LLC. as our partner. They have a strong background and experience in building the products and delivering them to the customers.” said Vladimir Vasilenko, CEO of Global Warming Solutions, Inc.
The company is looking to open its own retrofitting centers or create special arrangements with Auto Repair Shops by the beginning of 2021. Germany will be the first market the company plans to enter.
“The markets for used electric vehicles that are subject to environmental improvement meeting the level of electric transport are multiplying before our eyes.  My company since 2018 has been engaged in the conversion process. We know this market well, and with the support of Alterna Motors we can expand exponentially and take the leading position in the EV space,” stated Sergey Zhiltsov,  CEO of Classic Electro LLC.

To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com

Forward-Looking Statements

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com.

Contact:

Vladimir Vasilenko
CEO
Global Warming Solutions, Inc.
[email protected]



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Proposals for new appointments to the Daimler Supervisory Board and for its chair

PR Newswire

STUTTGART, Germany, Dec. 3, 2020 /PRNewswire/ — The Supervisory Board of Daimler AG is facing significant personnel changes. At the end of the Annual Shareholders’ Meeting on March 31, 2021, the term of office of the longstanding Chairman, Manfred Bischoff, will expire and he will step down from the Supervisory Board.

With him, Petraea Heynike and Jürgen Hambrecht will also step down from the Supervisory Board of Daimler AG. Important new appointment to the Supervisory Board are thus necessary.

The Supervisory Board will therefore propose to the 2021 Annual Shareholders’ Meeting the election of three new persons with great international management experience. The candidates are in the process of focusing the business areas of their companies on the requirements of a dynamically changing society characterized by digitization and sustainability.


Elizabeth Centoni
, Senior Vice President Cisco Strategy and Emerging Technology, has held senior management positions at the California-based IT company for many years.


Ben van Beurden
, CEO of Royal Dutch Shell plc, has headed the multinational company since 2014.

Martin Brudermüller has been Chairman of the Board of Executive Directors of BASF SE, Ludwigshafen, since 2018. He is also Chief Technology Officer of BASF.

“On behalf of the entire Supervisory Board, I would like to express our special thanks to Petraea Heynike and Jürgen Hambrecht for their successful and inspiring work in the Supervisory Board of Daimler AG,” stated Manfred Bischoff after the Supervisory Board meeting on December 3, 2020.

The term of office of Manfred Bischoff as Chairman of the Supervisory Board of Daimler AG will expire at the end of the Annual Shareholders’ Meeting on March 31, 2021. He was a member of the Board of Management of the then DaimlerChrysler AG until 2003. In 2006, he was elected to the Supervisory Board of DaimlerChrysler AG and became its Chairman in 2007.

Long-time Nestlé senior executive Petraea Heynike has been a member of the Supervisory Board since 2011, and Jürgen Hambrecht, former Chairman of the Board of Executive Directors of BASF and former Chairman of the Supervisory Board of BASF, since 2008.

“With Elizabeth Centoni, Ben van Beurden und Martin Brudermüller, we have gained outstanding candidates for membership of the Supervisory Board, who will contribute their extensive knowledge of management, transformation and international markets.”

In its meeting on December 3, 2020, the Supervisory Board of Daimler AG also agreed that in its meeting to be held after the Annual Shareholders’ Meeting on March 31, 2021, it will propose to the newly constituted Supervisory Board that Bernd Pischetsrieder be elected as its Chairman.

Bernd Pischetsrieder was for many years a member of the Board of Management of BMW AG and then Chairman of its Board of Management from 1993 to 2000. After moving to Volkswagen AG, he was also Chairman of the Board of Management there from 2002 to 2006. From 2013 to 2019, he was Chairman of the Supervisory Board of the reinsurance company Münchener Rückversicherungsgesellschaft AG. He has been a member of the Supervisory Board of Daimler AG since 2014.

On the nomination of Bernd Pischetsrieder as his successor, Manfred Bischoff stated: “Bernd Pischetsrieder is one of the most internationally recognized automotive experts. His expertise and wealth of experience are of outstanding importance for Daimler AG. He has been closely involved in the decisions to digitize the Group and to electrify and thus refocus the product portfolio. I hold him in high esteem, both personally and professionally, and I look forward to him becoming my successor as Chairman of the Supervisory Board of Daimler AG.”.

Further information on Daimler is available at:
www.media.daimler.com and www.daimler.com

This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading “Risk and Opportunity Report” in the current Annual Report or the current Interim Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.

Daimler at a glance
Daimler AG is one of the world’s most successful automotive companies. With its Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility divisions, the Group is one of the leading global suppliers of premium cars and one of the world’s largest manufacturer of commercial vehicles. Daimler Mobility offers financing, leasing, fleet management, investments, credit card and insurance brokerage as well as innovative mobility services. The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation. The company’s focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Daimler continues to invest systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid vehicles to all-electric powertrains with battery or fuel cell – with the goal of making locally emission-free driving possible in the long term. The company’s efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Daimler sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, the world’s most valuable luxury automotive brand (source: Interbrand study, 20 Oct. 2020), and

Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand portfolio includes smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses as well as the brands of Daimler Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Daimler Truck Financial. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group had a workforce of around 298,700 and sold 3.3 million vehicles. Group revenues amounted to €172.7 billion and Group EBIT to €4.3 billion.

 

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SOURCE Daimler North America – Corporate Communications

Posted on

Elbit Systems Announces the Results of its Extraordinary and Annual General Meeting of Shareholders Held on December 2, 2020

PR Newswire

HAIFA, Israel, Dec. 3, 2020 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (the “Company“) announced today that at its Extraordinary and Annual General Meeting of Shareholders held on December 2, 2020 at the Company’s offices in Haifa, the proposed resolutions described in the Proxy Statement to the Shareholders dated October 28, 2020 and detailed hereunder were approved by the respective required majority: 

  1. “To re-elect to the Board the following seven members who are not “External Directors” as defined in the Israeli Companies Law 5759-1999, to serve until the close of the next Annual General Meeting of Shareholders: Mr. Michael Federmann, Mrs. Rina Baum, Mr. Yoram Ben-Zeev, Mr. David Federmann, Mr. Dov Ninveh, Prof. Ehood (Udi) Nisan and Prof. Yuli Tamir;
  2. To approve the extension of the indemnification letters of Mr. M. Federmann and Mr. D. Federmann, for an additional three years commencing on December 1, 2020; and
  3. To re-appoint Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, as the Company’s independent auditor for the fiscal year 2020 and until the close of the next Annual General Meeting of Shareholders.”


About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

 



Company Contact

:                                       

 


Joseph Gaspar, Executive VP & CFO

Tel:  +972-4-8316663



[email protected]





 


Rami Myerson,
Director, Investor Relations

Tel: +972-77-2948984


[email protected]

 


David Vaaknin, VP, Brand & Corporate Communications

Tel: +972-77-2946691


[email protected]

 



IR Contact:

Ehud Helft
Kenny Green

GK Investor Relations

Tel: 1-646-201-9246
[email protected]  

 

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business.  Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings.  The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

 

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SOURCE Elbit Systems Ltd.