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BYT Holdings Announces Strategic Investment

Canada NewsWire

VANCOUVER, BC, Feb. 5, 2021 /CNW/ – BYT Holdings Ltd. (CSE: BYT) (“BYT” or the “Company”) is pleased to announce that it has entered into a definitive share purchase agreement (the “Agreement”) in connection with the acquisition of 35% of the issued share capital (“Equity Stake”) of Xi’an Triumph Electronic Technology Co., Ltd (“Xian Tech”) through its wholly-owned subsidiary BYT Singapore Pte. Ltd. (the “Transaction”). In consideration for the acquisition of the Equity Stake, the Company will pay an aggregate purchase of SGD 1,750,000 to certain shareholders of Xian Tech.

Closing of the Transaction is subject to customary closing conditions which include, among other things, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals (if required). There can be no assurance that the Transaction will be completed as proposed, or at all. The Transaction is an arms-length transaction and no change in management, or the board of directors of the Company is being contemplated at this time.

“The team at Xian Tech has built a technology driven company, that is addressing the need for high quality data analytics in the all-important infrastructure construction sector in China. This is evident from their premium customer base and wide adoption of its solutions. This is a strategic and synergistic acquisition for BYT, which will strengthen our existing EPCM and waste management offerings,” said Vincent Lim, Chief Executive Officer of the Company.

About Xi’an Triumph Electronic Technology Co., Ltd

Xi’an Triumph Electronic Technology Co., Ltd was founded in founded in Xi’an, China in 2001. Since 2015, its core business is the provision of industrial big data analytics solutions through its proprietary platform systems.

Xian Tech’s solutions enjoy a strong reputation and are widely adopted by large construction companies in China. Its customers include state owned enterprises operating in the railway, communications and water conservancy industries. Since inception, the company has deployed its products and services to more than 500 large scale infrastructure construction projects in China and other countries. Its flagship product “CFDT-2019”, an industrial big data platform, has access to more than 600 out of around 2500 tunnel boring machines that are in use in China today.

Xian Tech will continue to service four key industry segments: urban rail transit construction, water conservancy projects, railway engineering, and integrated pipeline network construction. These pillar industries all enjoy long term sustainable growth, which will underpin the company’s growth in the future.

About BYT Holdings

BYT’s operations are based out of Singapore, with its primary business being to provide one-stop turnkey engineering, procurement, and construction management solutions that range from consultancy and design, to the construction of projects involving high technology production facilities, primarily in Singapore and mainland China. BYT is also developing its waste management services division in Shanghai, China, which focuses on converting waste into organic compost.

ON BEHALF OF BYT HOLDINGS

“Vincent Lim”

Vincent Lim

Chief Executive Officer

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE BYT Holdings Ltd.

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Selective to Speak at the Bank of America Securities 2021 Insurance Conference

PR Newswire

BRANCHVILLE, N.J., Feb. 5, 2021 /PRNewswire/ — Selective Insurance Group, Inc. (NASDAQ: SIGI) announced today that John J. Marchioni, President and Chief Executive Officer, and Mark Wilcox, Executive Vice President and Chief Financial Officer, will speak at the Bank of America Securities 2021 Insurance Conference on Thursday, February 11, 2021 at 9:00 a.m. (ET). Selective’s discussion will be broadcast live on the Internet. Investors are invited to listen by visiting the Investors page of www.selective.com. A replay of the broadcast will be available on the website until May 11, 2021. For more information about Selective or the upcoming conference, please visit www.selective.com.

About Selective Insurance Group, Inc.
Selective Insurance Group, Inc. is a holding company for 10 property and casualty insurance companies rated “A” (Excellent) by AM Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks and flood insurance through the National Flood Insurance Program’s Write Your Own Program. Selective’s unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including the Fortune 1000 and being named a Great Place to Work® in 2020. For more information about Selective, visit www.Selective.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/selective-to-speak-at-the-bank-of-america-securities-2021-insurance-conference-301223214.html

SOURCE Selective Insurance Group, Inc.

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Airgain® Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

Airgain® Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

SAN DIEGO–(BUSINESS WIRE)–Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today announced that it has granted inducement awards to 21 new non-executive employees, who joined the company as a result of the recent NimbeLink Corp. acquisition.

The awards were made on February 5, 2021 under Airgain’s 2021 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Airgain as an inducement to join the company. The inducement awards to the 21 new non-executive employees consist of options to purchase an aggregate of 125,000 shares of Airgain common stock. The options have a 10-year term and an exercise price equal to $24.22, the fair market value of Airgain common stock on the date of grant. The options vest over a four-year period, with 25% of the options vesting on the first anniversary of the closing of the NimbeLink Corp. acquisition, which closed on January 7, 2021, and the rest vesting in equal monthly installments thereafter. The awards were approved by Airgain’s board of directors, including a majority of Airgain’s independent directors, as required by Nasdaq Rule 5635(c)(4), and were granted as an inducement material to the new employees entering into employment with Airgain in accordance with Nasdaq Rule 5635(c)(4).

About Airgain, Inc.

Airgain is a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive. Combining design-led thinking with testing and development, Airgain works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Airgain’s antennas are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, portables, digital televisions, sensors, fleet, and asset tracking devices. Airgain is headquartered in San Diego, California, and maintains design and test centers in the U.S., U.K., and China. For more information, visit airgain.com, or follow us on LinkedIn and Twitter.

Airgain and the Airgain logo are registered trademarks of Airgain, Inc.

Forward-Looking Statements

Airgain cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. These forward-looking statements include statements regarding: the expected performance and transmission power of AirgainConnect® AC-HPUE, including comparisons to conventional antennas and modems; the ability of AirgainConnect® AC-HPUE to provide connectivity and meet the demanding connectivity needs of public safety, fleet, and enterprise vehicles; and the potential for significant orders for the product. The inclusion of forward-looking statements should not be regarded as a representation by Airgain that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the market for our products is developing and may not develop as we expect; risks associated with the performance of our products or the first responder dedicated network; our products are subject to intense competition, and competitive pressures from existing and new companies may harm our business, sales, growth rates and market share; the COVID-19 pandemic may continue to disrupt and otherwise adversely affect our operations and those of our suppliers, partners, distributors and ultimate end customers, and the overall market that our antennas are used in, as well as adversely affecting the general U.S. and global economic conditions and financial markets, and, ultimately, our sales and operating results; risks associated with the design and manufacturing of a first of its kind product and its introduction into the newly licensed first responder dedicated frequencies and associated uncertainty of regulatory compliance in a new product category; risks associated with quality and timing in manufacturing our products and our reliance on third-party manufacturers; if we cannot protect our intellectual property rights, our competitive position could be harmed or we could incur significant expenses to enforce our rights; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Airgain Contact

Jules Cassano

Director of Global Marketing

Airgain, Inc.

[email protected]

Airgain Investor Contact

Matt Glover

Gateway Group, Inc.

+ 1 949 574 3860

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Networks Human Resources Finance Hardware Professional Services Technology Mobile/Wireless Other Technology

MEDIA:

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Orion Engineered Carbons to Increase Acetylene Black Pricing

Orion Engineered Carbons to Increase Acetylene Black Pricing

HOUSTON–(BUSINESS WIRE)–
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it will increase pricing for acetylene black.

Following the acquisition of its acetylene black plant in France, the company adjusted the facility’s strategic focus, requiring new investments to better serve the growing market demand for acetylene black used in lithium-ion battery production. In addition to these strategic investments, the company has also been confronted with rising costs for packaging, transportation and environmental obligations.

Against this backdrop Orion will raise its acetylene black prices by 20 percent globally on March 1st, 2021, or as contracts allow.

About Orion Engineered Carbons

Orion is a worldwide supplier of carbon black. We produce a broad range of carbon blacks that include high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. We operate 14 global production sites and have approximately 1,425 employees worldwide. For more information, please visit our website www.orioncarbons.com.

Orion Engineered Carbons S.A.

Investor Relations

Wendy Wilson, +1 281-974-0155

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Packaging Chemicals/Plastics Automotive Automotive Manufacturing General Automotive Manufacturing Other Manufacturing

MEDIA:

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Ryder Declares Quarterly Cash Dividend

Ryder Declares Quarterly Cash Dividend

Company Pays Dividend for 178th Consecutive Quarter

MIAMI–(BUSINESS WIRE)–
The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, today declared a regular quarterly cash dividend of $0.56 per share of common stock, to be paid on March 19, 2021 to shareholders of record on February 16, 2021 .

This is Ryder’s 178th consecutive quarterly cash dividend – marking more than 44 years of uninterrupted dividend payments.

About Ryder

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages more than 250,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 55 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Financial = ryder-financial

USA = ryder-usa

Media

Amy Federman

(305) 500-4989

Investor Relations

Bob Brunn

(305) 500-4053

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Public Transport Trucking Rail Automotive Transport Logistics/Supply Chain Management Retail Supply Chain Management Fleet Management

MEDIA:

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BridgeBio Pharma Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

PALO ALTO, Calif., Feb. 05, 2021 (GLOBE NEWSWIRE) — BridgeBio Pharma, Inc. (Nasdaq: BBIO), a clinical-stage biopharmaceutical company focused on genetic diseases, today announced that on February 1, 2021, the compensation committee of BridgeBio’s board of directors granted 11 new employees restricted stock units for an aggregate of 16,772 shares of the Company’s common stock. All of the above-described awards were made under BridgeBio’s 2019 Inducement Equity Plan (the Plan).

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019.

About BridgeBio

BridgeBio a team of experienced drug discoverers, developers and innovators working to create life-altering medicines that target well-characterized genetic diseases at their source. BridgeBio was founded in 2015 to identify and advance transformative medicines to treat patients who suffer from Mendelian diseases, which are diseases that arise from defects in a single gene, and cancers with clear genetic drivers. BridgeBio’s pipeline of over 20 development programs includes product candidates ranging from early discovery to late-stage development.

Media Contact:

Grace Rauh
[email protected]
(917) 232-5478

Source: BridgeBio Pharma, Inc.



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Cornerstone Funds Announce Continuing Monthly Distributions

NEW YORK, Feb. 05, 2021 (GLOBE NEWSWIRE) — Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions.

  Record Date

Payable Date Per Share
CLM April 12, 2021 April 30, 2021 $0.1602
CLM May 14, 2021 May 28, 2021 $0.1602
CLM June 15, 2021 June 30, 2021 $0.1602
       
CRF April 12, 2021 April 30, 2021 $0.1537
CRF May 14, 2021 May 28, 2021 $0.1537
CRF June 15, 2021 June 30, 2021 $0.1537

Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on each Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”).

Each Board believes each Fund’s distribution policy maintains a stable, high rate of distribution. These distributions are not tied to each Fund’s investment income or capital gains and do not represent yield or investment return on each Fund’s portfolio. The Distribution Amount from one calendar year to the next will increase or decrease based on the change in each Fund’s net asset value. The terms of each distribution policy are reviewed and approved at least annually by each Fund’s Board and may be modified at their discretion for the benefit of each Fund and its stockholders.

Each Fund’s Board remains convinced its stockholders are well served by a policy of regular distributions which increase liquidity and provide flexibility to individual stockholders in managing their investment in each Fund. Stockholders have the option of reinvesting these distributions in additional shares of their Fund or receiving them in cash. Stockholders may consider reinvesting their regular distributions through their Fund’s reinvestment plan which may at times provide additional benefit to stockholders who participate in their Fund’s plan. Stockholders should carefully read the description of the dividend reinvestment plan contained in each Fund’s report to stockholders.

Under each Fund’s distribution policy, each Fund may distribute to stockholders each month a minimum fixed percentage per year of the net asset value or market price per share of its common stock or at least a minimum fixed dollar amount per year. In determining to adopt this policy, the Board of each Fund sought to make regular monthly distributions throughout the year. Under each policy, each Fund’s distributions will consist either of (1) earnings, (2) capital gains, or (3) return-of-capital, or some combination of one or more of these categories. A return-of-capital is the return of a portion of the stockholder’s original investment.

Given the current economic environment and the composition of each Fund’s portfolio, a substantial portion of each Fund’s distributions made during the current calendar year is expected to consist of a return of the stockholder’s capital. Accordingly, these distributions should not be confused with yield or investment return on each Fund’s portfolio. The final composition of the distributions for 2021 cannot be determined until after the end of the year and is subject to change depending on market conditions during the year and the magnitude of income and realized gains for the year.

In any given year, there can be no guarantee each Fund’s investment returns will exceed the amount of the net distributions. To the extent the amount of distributions paid to stockholders in cash exceeds the total net investment returns of the Fund, the assets of a Fund will decline. If the total net investment returns exceed the amount of cash distributions, the assets of a Fund will increase. Distributions designated as return-of-capital are not taxed as ordinary income dividends and are referred to as tax-free dividends or nontaxable distributions. A return-of-capital distribution reduces the cost basis of a stockholder’s shares in the Fund. Stockholders can expect to receive tax-reporting information for 2021 distributions by the middle of February 2022 indicating the exact composition per share of the distributions received during the calendar year. Stockholders should consult their tax advisor for proper tax treatment of each Fund’s distributions.

Volatility in the world economy helps to create what Cornerstone Advisors, LLC (the “Adviser”) views as significant opportunities through investments in closed-end funds. In addition to holding closed-end funds which invest substantially all of their assets in equity securities, the Adviser may also choose to take advantage of situations in funds which invest in fixed income or other investment categories. Closed-end funds, with their broadly diversified holdings, enhance diversification within each Fund’s portfolio.

Investing in other investment companies involves substantially the same risks as investing directly in the underlying instruments, but the total return on such investments at the investment company level is reduced by the operating expenses and fees of such other investment companies, including advisory fees. To the extent each Fund invests its assets in investment company securities, those assets will be subject to the risks of the purchased investment company’s portfolio securities, and a stockholder in the Fund will bear not only their proportionate share of the expenses of a Fund, but also, indirectly the expenses of the purchased investment company. There can be no assurance the investment objective of any investment company in which a Fund invests will be achieved.

Under the managed distribution policy, each Fund makes monthly distributions to stockholders at a rate which may include periodic distributions of its net income and net capital gains (“Net Earnings”), or from return-of-capital. If, for any fiscal year where total cash distributions exceeded Net Earnings (the “Excess”), the Excess would decrease each Fund’s total assets and, as a result, would have the likely effect of increasing each Fund’s expense ratio. There is a risk the total Net Earnings from each Fund’s portfolio would not be great enough to offset the amount of cash distributions paid to Fund stockholders. If this were to occur, a Fund’s assets would be depleted, and there is no guarantee a Fund would be able to replace the assets. In addition, in order to make such distributions, a Fund may have to sell a portion of its investment portfolio at a time when independent investment judgment might not dictate such action. Furthermore, such assets used to make distributions will not be available for investment pursuant to the Fund’s investment objective.

Cornerstone Strategic Value Fund, Inc. and Cornerstone Total Return Fund, Inc. are traded on the NYSE American LLC under the trading symbols “CLM” and “CRF”, respectively. For more information regarding each Fund please visit www.cornerstonestrategicvaluefund.com and www.cornerstonetotalreturnfund.com.

Past performance is no guarantee of future performance. An investment in a Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An stockholder should carefully consider a Fund’s investment objective, risks, charges and expenses. Please read a Fund’s disclosure documents before investing.

In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on a Fund’s investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in each Fund’s disclosure documents, filed with the U.S. Securities and Exchange Commission, and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. Each Fund has no obligation to update or revise forward-looking statements. 



Contact: (866) 668-6558

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Range Announces Conference Call to Discuss Fourth Quarter 2020 Financial Results

FORT WORTH, Texas, Feb. 05, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its fourth quarter 2020 financial results news release will be issued Tuesday, February 23 after the close of trading on the New York Stock Exchange.

A conference call to review the financial results is scheduled on Wednesday, February 24 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company’s website until March 24, 2021.

RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in stacked-pay projects in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.

Range Investor Contact:

Laith Sando, Vice President – Investor Relations
817-869-4267
[email protected]

 



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Transocean Ltd. Announces Fourth Quarter and Full Year 2020 Earnings Release Date

STEINHAUSEN, Switzerland, Feb. 05, 2021 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year of 2020, on Monday, February 22, 2021, following the close of trading on the NYSE.

The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 23, 2021. Individuals who wish to participate should dial +1 323-794-2588 and refer to conference code 3168985 approximately 10 minutes prior to the scheduled start time.

The teleconference also will be simulcast in a listen-only mode at: www.deepwater.com, by selecting Investors, News, and Webcasts. A replay of the conference call will be available after 12 p.m. EST, 6 p.m. CET, on February 23, 2021. The replay, which will be archived for approximately 30 days, can be accessed at +1 719-457-0820, passcode 3168985 and pin 2562. The replay also will be available on the company’s website.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 38 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, 11 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

For more information about Transocean, please visit: www.deepwater.com.

Analyst Contact:

Lexington May
+1 832-587-6515

Media Contact:

Pam Easton
+1 713-232-7647 



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IIROC Trading Halt – SJL

Canada NewsWire

VANCOUVER, BC, Feb. 5, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Saint Jean Carbon Inc.

TSX-Venture Symbol: SJL

All Issues: No

Reason: At the Request of the Company Pending News

Halt Time (ET): 4:14 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions